Comcast owned Sky slows negotiations for two billion dollar acquisition of ITV broadcast assets
Negotiations for the 2.2 billion dollar deal have slowed as Comcast weighs industry shifts. Asset separation and economic factors are also stalling progress.
Insights:
Negotiations between Sky, which is owned by Comcast Corporation , and ITV plc regarding the proposed acquisition of ITV's Media and Entertainment unit have slowed in recent weeks. The discussions, which involve the unit's broadcast channels and the streaming platform ITVX, have been hampered by complications regarding the separation of the business and its valuation. The proposed transaction is valued at approximately £1.6 billion.
