ITV Media and Entertainment

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.