- ITV agreed to sell its Media & Entertainment assets, including free-to-air channels and ITVX, to Sky; ITV Studios remains standalone. Deal subject to regulatory review and customary approvals.
- ITV CEO Carolyn McCall says ITV likely stays public; shareholders back spinning off ITV Studios as independent listing. ITV Studios eyed as takeover target. ITV shares rose ~1.5% to 83p.
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Key facts: Sky to buy ITV Media & Entertainment; ITV Studios to list
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ITV agreed to sell its Media & Entertainment assets, including free-to-air channels and ITVX, to Sky; ITV Studios remains standalone. Deal subject to regulatory review and customar