ITV in ‘preliminary’ talks over £1.6bn sale of media and entertainment arm to Sky

ITV has revealed talks with Sky, the owner of Sky News, over the possible sale of its media and entertainment division in a deal worth £1.6bn.

“There can be no certainty as to the terms upon which any potential sale may be agreed or whether any transaction will take place”, a statement by ITV to the London Stock Exchange said.

“A further announcement will be made in due course if appropriate”, it concluded.

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