Comcast's Sky advances talks to acquire ITV unit with performance-based payout, sources say

Comcast-owned Sky is advancing toward a deal to acquire ITV's Media and Entertainment unit, with consideration expected to include a performance-dependent payout. The potential transaction would reshape ITV's business mix and represents a meaningful strategic M&A event in U.K. media. No valuation or timing details were disclosed.

Analysis

Comcast-owned Sky is advancing toward a deal to acquire ITV's Media and Entertainment unit, with consideration expected to include a performance-dependent payout. The potential transaction would reshape ITV's business mix and represents a meaningful strategic M&A event in U.K. media. No valuation or timing details were disclosed.