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Home News ITV shares soar as it holds talks to sell television business to Sky
ITV shares soar as it holds talks to sell television business to Sky
US telecom giant Comcast looks to buy media and entertainment arm for £1.6bn but not programme-maker ITV Studios
• Business live – latest updates
ITV has told the market it is in preliminary talks to sell its broadcasting arm to the parent company of Sky in a £1.6bn deal, sending shares soaring s high as 18% in early trading.
Comcast, the US telecom company which also owns NBCUniversal, is looking to snap up ITV’s media and entertainment arm, which includes its free-to-air TV channels in the UK, as well as its ITVX streaming platform. Continue reading...
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