ITV has confirmed early stage talks over a possible sale of its broadcasting arm to Sky in a deal that would value the division at £1.6bn.
The group behind hit shows such as I’m A Celebrity… Get Me Out Of Here! and Love Island said there was no certainty over the terms of any possible sale of its media and entertainment division, or whether a deal would be agreed.
It comes after reports late on Thursday revealed Sky owner Comcast was holding discussions with ITV over a possible deal to buy the public service broadcaster’s media and entertainment arm, which includes its terrestrial TV channels and streaming service ITVX.
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But the sale would not include ITV’s production arm, ITV Studios, which makes shows including I’m A Celebrity and the popular drama Mr Bates vs The Post Office, which has also been the subject of previous sale speculation.