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    ITV sells broadcasting arm to Sky for £1.6bn

    2 weeks ago

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    ITV has agreed to sell its media and entertainment arm to Sky for up to £1.6 billion, aiming to create a strong competitor against global streaming services. The deal includes ITV's TV channels and streaming service ITVX but excludes ITV Studios. Sky plans to invest £2.1 billion in the partnership from 2028 to 2032.
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