UK government moves to investigate Sky's $2.1 billion ITV takeover

The short version

• The U.K. government has filed an intervention notice into Sky's planned $2.1 billion takeover of ITV's TV networks and streaming assets.[The Hollywood Reporter]
• Culture Secretary Lisa Nandy has asked Ofcom and the CMA to formally investigate the deal, and no investigation outcome or timeline has been reported.[The Hollywood Reporter]
• ITV agreed in July to sell its media and entertainment arm to Sky for £1.6 billion.[The Hollywood Reporter]
• ITV CEO Carolyn McCall says the deal would create a U.K. champion, while Sky CEO Dana Strong calls it a defining moment for British media.[The Hollywood Reporter]

Key facts

• The U.K. government filed an intervention notice into Sky's planned $2.1 billion takeover of ITV's TV networks and streaming assets.[The Hollywood Reporter]
• Culture Secretary Lisa Nandy asked regulators Ofcom and the Competition and Markets Authority to formally investigate the deal.[The Hollywood Reporter]
• ITV agreed in July to sell its media and entertainment arm to Sky for £1.6 billion.[The Hollywood Reporter]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.

• Sky’s $2.1 Billion ITV Megadeal: U.K. Regulators Get Gov’t Green Light for InvestigationThe Hollywood Reporter metered
• UK government announces public interest investigation into Sky deal to takeover ITV’s media armAssociated Press
• UK government tasks regulators to scrutinize proposed tie-up between Sky and ITVABC News - Business