Sky 2bn

• 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.

Deal could be announced in July and vow will safeguard future of shows such as Coronation Street and Love IslandSky has committed to spending £2bn on ITV’s studios business over the next five years as it hammers out a takeover of its broadcasting arm, a move that will safeguard the future of popular programmes such as Coronation Street and Love Island.Sky, owned by the US telecoms company Comcast, has been in talks for months to buy ITV’s media and entertainment operations, which include its free-to-air TV channels in the UK and the ITVX streaming platform. The £1.6bn takeover deal could be announced in early July, the Sunday Times reported. Continue reading...