At a glance
• ITV has entered early talks with Sky over a potential £1.6 billion sale of its media and entertainment division
• The broadcaster stressed there is no certainty a deal will be reached, as previous takeover interest — including from RedBird IMI — has not materialised
• A sale would reshape the UK television landscape, leaving ITV focused on production while Sky owner Comcast expands its UK and European reach
ITV has confirmed early stage talks over a possible sale of its broadcasting arm to Sky in a deal that would value the division at £1.6 billion.
The group behind hit shows such as I’m A Celebrity… Get Me Out Of Here! and Love Island said there was no certainty over the terms of any possible sale of its media and entertainment division, or whether a deal would be agreed.
