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Sky UK Limited entered into a sale and purchase agreement to acquire ITV Media and Entertainment business of ITV plc from ITV plc (LSE:ITV) for £1.6 billion. Sky UK Limited entered into a sale and purchase agreement to acquire ITV Media and Entertainment business of ITV plc from ITV plc (LSE:ITV) for £1.6 billion on July 6, 2026. A cash consideration of £1.4 billion will be paid by Sky UK Limited. Sky UK Limited will pay an earnout/contingent payment of £200 million cash. The total consideration for the Transaction is up to £1.6 billion, comprising: (i) an initial cash payment of £1.2 billion (subject to customary closing adjustments), payable at Completion; (ii) the contribution of Sky's Love Productions business, for an agreed enterprise value of £200 million, on a cash-and debt-free basis, at Completion; and (iii) contingent cash consideration of up to £200 million, which, if it becomes payable, is expected to be paid in the second half of 2028. £2 of consideration will be payable for each £1 by which ITV's total advertising revenue ("TAR") exceeds £1.7 billion for FY 2027 (capped at £200 million and subject to certain trading balance adjustments). The contingent consideration is subject to UK corporation tax. The transaction also unlocks the value of ITV Studios that post completion will be a distinctive pure-play global content business with a listing in London. The combination of ITV M&E and Sky creates a scaled UK media and entertainment business with a significant content budget, strengthening investment in British creativity and reinforcing the UK's competitive position in global content production. Sky has agreed to pay a break fee of £80 million, if the SPA is terminated as a result of the regulatory Conditions not being satisfied.
For the period ending December 31, 2025, ITV Media and Entertainment business of ITV plc reported total revenue of £1.99 billion and EBIT of £236.8 million.
Completion of the proposed Transaction is subject to certain conditions, including: (i) obtaining regulatory approvals; (ii) completing the separation of the ITV M&E business from the ITV Group (including the transfer of ITV Sport and a 20% stake in Independent Television News Limited (ITN) into the Transaction perimeter); and (iii) completion of the sale by Sky Ventures Limited of Love Productions Limited ("Love Productions") to ITV (together, the "Conditions"). The SPA is governed by English law, with any disputes arising in connection therewith subject to the exclusive jurisdiction of the English courts. The Board has approved the Transaction and believes the terms of the Transaction to be in the best interests of ITV and ITV's shareholders. Completion is expected to take place in H2 2027.
Evercore Partners International LLP acted as financial advisor for ITV plc. Morgan Stanley & Co. International plc acted as financial advisor for ITV plc. Goldman Sachs International acted as financial advisor for ITV plc. Piers Prichard Jones, Kate Cooper, Martin McElwee, Colin Raftery, Zofia Aszendorf, Giles Pratt, Alice Greenwell and Dawn Heath of Freshfields LLP acted as legal advisor for ITV plc. PricewaterhouseCoopers LLP served as the auditor for the ITV plc. 공시 • Mar 06
ITV plc, Annual General Meeting, May 07, 2026 ITV plc, Annual General Meeting, May 07, 2026. 공시 • Jan 22
ITV plc Announces Chair of the Audit & Risk Committee Changes, Effective March 5, 2026 ITV plc announces that Non-Executive Director Margaret Ewing will step down as Chair of the Audit and Risk Committee (the Committee) on 5 March 2026. She will continue as a member of the Committee and in her other Board roles. Dawn Allen will succeed Margaret as Chair of the Committee on 5 March 2026. Dawn joined the Board on 2 October 2023 as a Non-Executive Director and has been a member of the Committee since her appointment. Dawn is a chartered accountant with over 30 years of financial experience and is currently chief financial officer of Haleon plc. 공시 • Nov 08
ITV plc's Response to Recent Speculation ITV plc (LSE:ITV) noted the recent press speculation and confirmed that it is in preliminary discussions regarding a possible sale of its M&E business to Sky Limited for an enterprise value of £1.6 billion. There can be no certainty as to the terms upon which any potential sale may be agreed or whether any transaction will take place. A further announcement will be made in due course if appropriate. 공시 • Nov 07
Comcast Reportedly in Talks to Acquire ITV's Broadcasting Unit Comcast Corporation (NasdaqGS:CMCSA) is in talks with ITV plc (LSE:ITV) about buying its television business, in a deal that could result in it being combined with the US media giant’s Sky subsidiary to create a leading broadcast and streaming group in the UK. The talks between ITV and Comcast focus on the UK public service broadcaster’s media and entertainment arm, which comprises its terrestrial channels as well as its streaming service ITVX, according to people familiar with the situation. Any transaction would not involve ITV Studios, the broadcaster’s production arm. The talks between Comcast and ITV are at an early stage and there is no certainty of a deal being struck, one of the people close to the discussions said. Comcast, which bought media and telecoms business Sky in 2018, is one of several companies to have expressed a potential interest in ITV’s operations. ITV, which is listed on the London Stock Exchange, has a market capitalisation of £2.5 billion. Comcast and ITV declined to comment. Bloomberg first reported the talks between the two companies. 
