Sky is acquiring ITV's media and entertainment business for £2.1 billion, aiming to boost its scale against global streaming giants. The deal, pending regulatory approval, would make Sky the UK's second-largest broadcaster.
Sky, owned by Comcast, will acquire ITV's broadcasting and streaming assets for £1.6bn, creating the UK's largest commercial broadcaster. The deal includes ITV's channels and ITVX, while Sky sells Love Productions to ITV.
Comcast plans to spin off NBCUniversal into a separate publicly traded company within the next year, divesting from its media and entertainment assets. Comcast will retain its Xfinity cable, internet, and wireless services, while NBCUniversal will encompass NBC, Telemundo, Peacock, Universal studios, theme parks, and Sky.
