Sky Acquires ITV Broadcasting and Streaming Divisions for £1.6 Billion

By EC Assets · Published 6 July 2026

Sky has agreed to acquire ITV's broadcasting and streaming divisions in a deal valued at approximately £1.6 billion. The acquisition involves ITV's free-to-air channels and its streaming operations. This transaction is poised to reshape the British television landscape. The broader agreement between the two media companies has been reported with a dollar value of $2.1 billion. This deal follows Comcast's announcement of its plan to spin off NBCUniversal. Comcast previously stated it would buy a British broadcaster. The sale of ITV's media and entertainment arm to Sky for £1.6 billion has been confirmed. This move could impact various popular television programs. This article is intended for informational purposes only. It does not constitute investment advice.