Britain's government tasks regulators to scrutinize proposed tie-up between Sky and ITV
British Culture Secretary Lisa Nandy asked regulators Wednesday to scrutinize the proposed $2.3 billion takeover of ITV's media and entertainment arm by Sky, the U.K.-based TV, internet and mobile phone provider owned by U.S. company Comcast.
British Culture Secretary Lisa Nandy has requested regulators to examine Sky’s proposed $2.3 billion acquisition of ITV’s media and entertainment division. Sky, a UK provider of TV, internet, and mobile services, is owned by U.S. company Comcast. The scrutiny is a significant step in the potential takeover process.
- UK Culture Secretary Lisa Nandy has asked regulators to scrutinize Sky’s proposed takeover of ITV.
- The deal is valued at $2.3 billion.
- Sky is a UK-based provider owned by U.S. company Comcast.
- The takeover targets ITV’s media and entertainment arm.
Write a comment