Comcast-owned Sky reaches terms to buy ITV's broadcast unit, sources say

Sky is reportedly close to acquiring ITV's broadcast and streaming division for £1.6 billion, with ITV set to gain "The Great British Bake Off" producer Love Productions. This significant deal, nearing finalization, aims to forge a major UK streaming competitor against global giants. The transaction includes Love Productions and a performance-based earn-out, potentially reshaping the British media landscape.