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

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 billion
• Sector: Media & Entertainment
• Advisor: Not explicitly mentioned as a deal broker.
• Key Entities: Acquirer: Sky; Target: ITV's Media and Entertainment division.
• Location: United Kingdom

Note: 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.