UK TV producer of The Great British Bake Off
Sky will acquire ITV’s media and entertainment division for 1.2 billion in cash, with up to 200 million more tied to ad performance. ITV receives Love Productions (The Great British Bake Off) for 200 million and a potential 200 million contingent payment. The deal does not include ITV Studios, ITV’s production arm, and is expected to complete in H2 2027, subject to regulators. ITV will remain a public service broadcaster until 2034, with Sky committing to its licence obligations.
Global markets are mixed as US inflation signals and corporate results shape investor sentiment. Oil prices edge higher amid Iran talks, while technology names remain a volatile driver of indices.