ITV says it is in preliminary discussions regarding a possible sale of its M&E business to Sky for an enterprise value of £1.6bn.
Newsflash: ITV has confirmed that it is in talks about the posssible sale of its media and entertainment operations to rival Sky.
In a statement to the City this morning, ITV says:
ITV plc notes the recent press speculation and confirms that it is in preliminary discussions regarding a possible sale of its M&E business to Sky for an enterprise value of £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 further announcement will be made in due course if appropriate.
“I made a commitment to serve out my whole term. That’s what I intend to do.”
Continue reading…ITV says it is in preliminary discussions regarding a possible sale of its M&E business to Sky for an enterprise value of £1.6bn.Newsflash: ITV has confirmed that it is in talks about the posssible sale of its media and entertainment operations to rival Sky.In a statement to the City this morning, ITV says:ITV plc notes the recent press speculation and confirms that it is in preliminary discussions regarding a possible sale of its M&E business to Sky for an enterprise value of £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 further announcement will be made in due course if appropriate.“I made a commitment to serve out my whole term. That’s what I intend to do.” Continue reading…