ITV plc

Acquirer: Sky

ITV plc has confirmed it is in talks with Sky over a potential £1.6 billion sale of its media and entertainment business, including its traditional TV channels and its streaming platform ITVX.Summary of transaction details:Value: £1.6 billionSector: Media & EntertainmentAdvisor: N/AKey Entities: ITV plc, SkyLocation: UKNote: The deal could redefine the future of British broadcasting, with Sky taking control of ITV's flagship channels and its on-demand service ITVX, consolidating its dominance in both traditional and digital television markets.