ITV's Media and Entertainment division (linear channels and ITVX streaming service)

Acquirer: Sky

Sky, a subsidiary of Comcast, is reportedly close to finalising a £1.6 billion acquisition of ITV's Media and Entertainment division, which includes its linear television channels and the ITVX streaming service.Summary of transaction details:Value: £1.6 billionSector: Media & EntertainmentAdvisor: Not explicitly mentioned as a deal broker.Key Entities: Acquirer: Sky; Target: ITV's Media and Entertainment division.Location: United KingdomNote: This strategic acquisition by Sky is aimed at enhancing its competitive stance in the evolving UK broadcasting and streaming market, directly challenging global digital platforms, and consolidating its free-to-air presence. The deal also includes a £2 billion commitment to ITV Studios for content production over five years.