Sky has confirmed it will officially acquire ITV Media & Entertainment in a deal worth £1.

6bn, through which Sky will procure ITV's UK linear broadcasting and streaming business, excluding ITV Studios. Dame Dame Carolyn McCall, ITV's CEO, commented 'This transaction builds on that momentum to deliver clear, tangible value for shareholders. At the same time, through the commitments made by Sky, the combined ITV M&E / Sky business will continue to deliver everything about ITV that our viewers and advertisers love and value and our people are hugely proud of'.