UK culture secretary refers Sky–ITV deal for regulatory review
Business · First reported 4 Nov, 13:40 · Updated 13:43
Lisa Nandy has referred Sky’s proposed £1.6bn acquisition of ITV’s broadcasting business to regulators for review. The CMA and Ofcom are due to report by 27 January; Nandy will then decide whether to order a further investigation.
- Culture secretary Lisa Nandy issued a Public Interest Intervention Notice concerning Sky’s proposed £1.6bn acquisition of ITV’s broadcasting business.
- The notice asks the Competition and Markets Authority and Ofcom to examine the deal; they have until 27 January to report.
- Nandy will decide after receiving the regulators’ findings whether to order a more detailed investigation.
Summary written by Lux AI from 2 articles
Key facts
- Proposed deal value
- £1.6bn
- Regulators
- Competition and Markets Authority and Ofcom
- Regulators’ reporting deadline
- 27 January
- Expected annual savings
- Around £200m, according to the companies
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