ITV Media and Entertainment

Acquirer: Sky

ITV has announced a £100m share buyback as part of its commitment to return £950m to investors following its £1.6bn deal with Sky. Summary of transaction details: Value: £1.6bn Sector: Media & Entertainment Advisor: Not disclosed Key Entities: ITV Media and Entertainment, Sky Location: UK Note: The deal is subject to approval by the Competition and Markets Authority and is expected to unlock significant value for shareholders, with a net cash return of around £950 million.