Britain's government tasks regulators to scrutinize proposed tie-up between Sky and ITV
British Culture Secretary Lisa Nandy asked regulators Wednesday to scrutinize the proposed $2.3 billion takeover of ITV's media and entertainment arm by Sky, the U.K.-based TV, internet and mobile phone provider owned by U.S. company Comcast.
TL;DR
- UK Culture Secretary Lisa Nandy has asked regulators to scrutinize Sky's proposed takeover of ITV.
- The deal is valued at $2.3 billion.
- Sky is a UK-based provider owned by U.S. company Comcast.
- The takeover targets ITV's media and entertainment arm.