Ticker

ITV LON: ITV said its planned sale of its Media & Entertainment business to Sky represents a “transformative moment” for the group, unlocking value for shareholders while leaving ITV Studios as a standalone global content production business.

ITV's long-awaited deal to sell its broadcasting business to pay-TV ‌company Sky for up to £1.6 billion ($2.14 billion) has dented its shares as analysts focus on separation costs, ongoing expenses and regulatory delays.

ITV's long-awaited deal to sell its broadcasting business to pay-TV company Sky for up to £1.6 billion has dented its shares ​as analysts focus on separation costs, ongoing expenses and regulatory delays.

ITV plc (ITVPY) M&A Call Transcript

Sky has agreed to acquire ITV Media & Entertainment—the ITV channels, the ITVX streaming service and the advertising business that funds them—for up to £1.6 billion. The deal, announced Monday, would fold the UK's biggest commercial broadcaster into the UK's biggest pay-TV operator.