Comcast-owned Sky has agreed to buy ITV’s broadcast and streaming unit in a £1.6 billion deal, according to sources. The deal includes ITV acquiring Sky’s Love Productions, which produces shows like ‘The Great British Bake Off’.
Details of the Deal
The total transaction value will include an earn-out and the acquisition of Love Productions, which could be valued between £80 million and £120 million. A deal could be announced in the next two weeks, although the timing may still slip due to final legal complications.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
