ITV Still In “Active Discussions” With Sky Over Sale

ITV is still in “active discussions” with Sky over a sale of its network to the pay-TV giant.

The UK’s oldest commercial broadcaster has been quiet over the deal in recent months but used a Q1 trading update to note its position this morning. It said it will “update the market in due course.”

ITV first confirmed “preliminary discussions” with Comcast-owned Sky in November last year over a shock £1.6B ($2.2B) sale of its Media & Entertainment (M&E) business.

Sources since have noted that talks have been quietly rumbling along with no public discussion about them by ITV until today. We are told Sky is very much leading on the deal with its parent Comcast in the background. The deal will require approval from Ofcom and the Competition Markets Authority

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