ITV sells media and entertainment arm to Sky for £1.6bn
Sky has announced a deal to acquire ITV's broadcasting and streaming arm. This acquisition aims to enhance competition against global streaming services. (sources: bbc, theguardian, variety)
Sky will purchase ITV's Media and Entertainment business for up to £1.6 billion. The deal is expected to close in the second half of 2027.
- The acquisition will create the UK's largest commercial broadcaster.
- The deal includes ITV's free-to-air TV channels and streaming platform.
- Both companies aim to strengthen their position against global streaming giants.
Why it matters
This acquisition represents a significant shift in the UK media landscape, potentially reshaping competition in the broadcasting and streaming sectors.
↓ Congress can act on this
7 bills on this issue are moving right now — and the most active one is HR4927: CABLE Competition Act.
HR4927 · 119th Congress
CABLE Competition Act
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About this bill
What HR4927 actually does
This story is about ITV sells media and entertainment arm to Sky for £1.6bn. This bill would limit franchising authorities’ ability to require approval before a cable franchise transfer.
If passed, it would:
- limit franchising authorities’ ability to require approval before a cable franchise transfer • streamline transfers of cable systems in local markets.
6 other bills moving on this issue
Take action on any of them individually.
This story is about ITV sells media and entertainment arm to Sky for £1.6bn. This bill would tighten the legal standard for unlawful acquisitions and shift the burden for some large mergers to the merging parties.
If passed, it would
- tighten the legal standard for unlawful acquisitions and shift the burden for some large mergers to the merging parties • add reporting, penalties, and other antitrust-enforcement tools relevant to future media consolidation cases.
This story is about ITV sells media and entertainment arm to Sky for £1.6bn. This bill would create a tax credit for small-business advertising in local newspapers and local FCC-licensed radio or TV stations.
If passed, it would
- create a tax credit for small-business advertising in local newspapers and local FCC-licensed radio or TV stations • create a payroll tax credit for compensation paid to local news journalists.
This story is about ITV sells media and entertainment arm to Sky for £1.6bn. This bill would nullify the FTC’s premerger-notification rule under the Congressional Review Act.
If passed, it would
- nullify the FTC’s premerger-notification rule under the Congressional Review Act • likely reduce the amount of information regulators get up front when reviewing deals.
This story is about ITV sells media and entertainment arm to Sky for £1.6bn. This bill would require FCC reporting on how many broadcast stations are owned by socially disadvantaged individuals.
If passed, it would
- require FCC reporting on how many broadcast stations are owned by socially disadvantaged individuals • create an FCC tax-certificate framework for broadcast-station transactions that further such ownership.
This story is about ITV sells media and entertainment arm to Sky for £1.6bn. This bill would transfer antitrust enforcement from the FTC to the Department of Justice.
If passed, it would
- transfer antitrust enforcement from the FTC to the Department of Justice • route premerger notifications to the Attorney General and sharply limit new FTC antitrust investigations.
This story is about ITV sells media and entertainment arm to Sky for £1.6bn. This bill would create a payroll tax credit for wages paid to local news journalists.
If passed, it would
- create a payroll tax credit for wages paid to local news journalists • make the credit partly refundable and available quarter by quarter to eligible local newspaper publishers.