Sky acquires ITV broadcasting unit

Sky, a company owned by Comcast, has finalized a deal to acquire ITV UK's television channels and digital streaming platform for £1.6 billion. The deal aims to establish a strong British entity that will control over 70% of the television advertising market in the United Kingdom, with regulatory reviews expected to take up to 18 months. ITV will become an independent production company, continuing to provide content to British viewers and international partners.

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