Sky Agrees to Buy ITV Media and Entertainment for Up to £1.6 Billion
Sky signed a deal on July 6, 2026, to acquire ITV's Media and Entertainment business for up to £1.6 billion, structured as £1.2 billion in cash, a £200 million exchange of Sky's Love Productions unit, and up to £200 million in contingent consideration tied to ITV's 2027 advertising revenue. As of August 29, 2026, the CMA has opened only a pre-notification phase and has not launched a formal investigation, while no official source confirms that an Ofcom public-interest review of the transaction has begun. Completion is expected in the second half of 2027, but the regulatory path and any media-plurality process remain publicly unresolved.