Acquisitions

• Sky has pledged to spend £2 billion as it prepares to acquire ITV's broadcasting arm, with a formal announcement expected in July. • The investment is designed to place the business on a solid financial footing and ensure the stability of the acquired assets. • This move is critical for safeguarding the future of high-profile programming, including Love Island, I’m a Celebrity, and soaps like Coronation Street and Emmerdale.

• India's startup ecosystem saw significant financial activity today, highlighted by JustAI raising $17 million and SaffronStays securing $3.5 million in funding. • In a strategic move to expand capabilities, EMA Partners has officially acquired Taggd. • These developments reflect a broader trend of growth across AI, deeptech, and quick commerce sectors within the Indian entrepreneurial landscape.

• The focus of AI investment is shifting away from Large Language Models (LLMs) toward the development of "Agentic AI" systems. • Industry leaders are now prioritizing technologies that enable autonomous decision-making and real-world application over simple generative text. • This transition is evidenced by recent acquisition trends and investor demand, signaling a move toward more functional, goal-oriented AI agents.