ITV shares soar as it holds talks to sell television business to Sky
by Kalyeena Makortoff from World news | The Guardian on (#71A2X)
US telecom firm Comcast aims to buy media and entertainment arm for 1.6bn but not Love Island maker ITV Studios
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ITV has told the market it is in preliminary talks to sell its broadcasting arm to the parent company of Sky in a 1.6bn deal, sending shares soaring by almost 20%.
Comcast, the US telecom company that owns NBCUniversal, hopes to snap up ITV's media and entertainment operations, which include its free-to-air TV channels in the UK and ITVX streaming platform.
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