Sky owner announces £1.6bn takeover of ITV’s broadcasting arm

Sky, owned by US telecom giant Comcast, has announced a major £1.6bn deal to acquire ITV’s broadcasting and streaming operations, aiming to become the UK’s largest commercial broadcaster. The acquisition includes ITV’s free-to-air TV channels and its ITVX streaming platform, bolstering Sky's content offerings and market dominance. This move could reshape the competitive landscape of UK media, raising concerns about market consolidation and its potential impact on competition and consumer choice.