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UK Culture Secretary 'Minded to Intervene' in Sky's £1.6 Billion Takeover of ITV Entertainment Arm
3-line summary
- UK Culture Secretary Lisa Nandy said she is 'minded to intervene' in Sky's proposed £1.6 billion deal to buy ITV's media and entertainment division, per the BBC, saying there are reasonable grounds to believe the deal could affect free expression in the media and the variety of Britain's news landscape.
- Sky said it would 'carefully consider' Nandy's letter and 'engage constructively' with the review, adding it remains confident that combining Sky and ITV's media and entertainment business would create a stronger British media company.
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