Sky agree deal to buy ITV Media

Sky, one of Europe’s leading media and connectivity companies and part of Comcast Corporation, today announces that it has agreed terms to acquire ITV

Media & Entertainment from ITV plc for a total consideration of up to £1.6 billion (subject to adjustment for cash, debt and net working capital), comprising £1.2 billion in cash,

Love Productions, and up to £0.2 billion in performance-related earn-out, subject to customary conditions and regulatory approvals.