ITV is unlikely to disappear from the public market altogether, ITV Chief Executive Carolyn McCall says in a media call. Comcast's Sky has agreed to buy ITV's media-and-entertainment unit for up to$2.14 billion. Under the agreement, ITV Studios will be separated and listed in London. McCall says shareholders are supportive of ITV Studios becoming a listed independent business. The deal also allows the studios division to emerge as an independent global content player, unlocking value, she adds. Some media have reported that ITV Studios could be a takeover target. ITV shares are up 1.5% at 83 pence. (najat.kantouar@wsj.com)
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ITV Unlikely to Disappear Completely From Public Market, CEO Says — Market Talk
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ITV is unlikely to disappear from the public market altogether, ITV Chief Executive Carolyn McCall says in a media call. Comcast's Sky has agreed to buy ITV's media-and-entertainment unit for up to$2.14 billion. Under the agreement, ITV Studios will be separated and listed in London. McCall says sh…