Lisa Nandy may intervene in Sky ITV takeover deal
U.K. culture minister Lisa Nandy says she is minded to intervene in the proposed Sky acquisition of ITV's media business.
Government considers public interest review
The culture secretary stated there are reasonable grounds to suspect public interest considerations apply to the transaction. She indicated she might issue a notice forcing the competition watchdog to investigate the tie-up.
Deal involves entertainment division only
Sky agreed in July to purchase ITV's broadcasting channels and streaming service for approximately 1.6 billion pounds. The production arm known as ITV Studios will remain separate from this specific acquisition process.
Companies respond to minister letter
Sky said it would carefully consider the letter sent by the government official. Both firms plan to engage constructively with any review into the proposed merger.
All 2 outlets report consistently
No differences in figures, names or dates across these reports.
- Variety
- BBC News
Reported by
2 independent outlets. Headlines as published. Links open the original report.