Sky takes over ITV for £1,600,000,000 in ‘defining moment for British TV’

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File photo dated 17/04/2018 of the ITV logo on The London Studios in London, as the broadcaster has announced it is the "new home" of the Oscars ceremony in the UK. PA Photo. Issue date: Tuesday September 12, 2023. The 96th annual Academy Award ceremony will be broadcast live from the Dolby Theatre in Los Angeles into living rooms across the UK through ITV1 and ITVX on March 10 2024. See PA story MEDIA Oscars. Photo credit should read: Ian West/PA Wire
ITV has been sold to Sky in huge ‘defining’ deal (Picture: PA)

Sky has agreed to buy ITV for a whopping £1.6billion to become the largest commercial broadcaster in the UK.

The sale will see Sky take over ITV’s media and entertainment arm, with online streaming platform ITVX and all free-to-air channels included.

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