Sky To Takeover ITV In $2.1B Deal That Dramatically Reshapes British Television

Sky has agreed to acquire ITV's television network and streaming operations for up to £1.6 billion ($2.14 billion). The transaction, expected to close in the second half of 2027, integrates a British broadcasting crown jewel into the NBCUniversal empire. Consequently, ITV Studios will become a standalone global content business, while approximately £950 million ($1.27 billion) will be returned to shareholders. This strategic move significantly reshapes the landscape of British television and media.