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UK's ITV jumps on talks with Sky over media unit sale

ReutersNov 7, 2025 8:21 AM

Shares of British broadcaster ITV ITV.L rise 18% to 80p

ITV top performer across London stocks

Co says it is in talks with pay-TV company Sky, owned by Comcast CMCSA.O, over a potential sale of its media and entertainment unit for 1.6 billion pounds ($2.15 billion) including debt

Adds, there can be no assurance a sale will take place or on what terms it may be agreed

As of yesterday's close, ITV had fallen about 8% YTD

($1 = 0.7451 pounds)

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