Sky to buy ITV broadcasting operations for €1.8bn

The sale includes ITV’s terrestrial TV channels and streaming service but it does not include its production arm, ITV Studios

ITV has agreed the sale of its media and entertainment arm to Sky for up to £1.6bn (€1.8bn) after months of talks over a possible deal.

ITV has agreed the sale of its media and entertainment arm to Sky for up to £1.6bn (€1.8bn) after months of talks over a possible deal.

The companies said the deal will combine the division with Sky to create a major competitor to the global streaming giants.