ITV may sell part of Sky's business for £1.6 billion: details of negotiations.

ITV is negotiating the sale of part of its Sky business

According to The Sun: ITV has begun negotiations to sell part of its business to Sky for £1.6 billion. The large telecommunications company reported that discussions are still at an early stage, and there is currently no certainty regarding the terms of a possible sale of its media and entertainment division.

Furthermore, ITV emphasized that the deal may not go through.

This news indicates the continuation of consolidation processes in the media and telecommunications market. If the deal is successfully completed, it could significantly change the landscape of the industry. Both companies, ITV and Sky, have significant ambitions in the market, and the potential sale confirms their desire to find new opportunities for growth and development.