Sky's deal to acquire ITV's media-and-entertainment division appears to be a win-win for both parties, AJ Bell's Dan Coatsworth writes in a note. Comcast's Sky has agreed to buy ITV's media-and-entertainment unit for up to about $2.14 billion, a deal that allows the U.S. media group to take control of one of the most-watched broadcasters in the U.K. "ITV's shareholders should benefit from the separation in several ways. The company will return 950 million pounds to investors, although it hasn't said how this will be done," he says. Meanwhile, Sky sees this as an opportunity to reach a wider audience and secure more attractive deals with advertisers, he adds. ITV shares are up 1.9% at 83.30 pence.(najat.kantouar@wsj.com)