NEWS
ITV agrees sale of media and entertainment business to Sky for up to £ 1.6 billion
British television network, ITV, has agreed the sale of its media and entertainment business to Sky for up to £ 1.6 billion, the companies have announced.
The agreement, subject to regulatory approval, follows months of talks, with the proposed sale first announced in November last year.
The companies said the deal will combine the division with Sky to create a major competitor to the global streaming giants.
The deal includes the ITVX platform, along with ITV’ s free-to-air channels, but not its production arm, ITV Studios, which makes shows including I’ m A Celebrity and the popular drama, Mr Bates Vs The Post Office.
ITV Studios will become a‘ pure-play global content business’ with its shares listed on the London Stock Exchange following the sale and a long-term agreement to supply content to the newlycombined Sky and ITV, according to the broadcaster.
The transaction is expected to be completed in the second half of 2027.
Sky has committed to spending at least £ 2.1 billion over 2028 – 2032 on the partnership.
Under the terms of the deal, Sky will pay £ 1.2 billion for the broadcasting unit and sell its Love Productions business to ITV, which makes shows including the Great British Bake Off and The Piano, and is valued at £ 200 million.
ITV may also receive a payment of up to £ 200 million in two years, subject to its advertising sales performance.
SAP completes acquisition of Dremio
SAP has announced it has completed the acquisition of Dremio, an open, high-performance data lakehouse platform. in real-time, with no data movement or conversion necessary and with vastly improved economics for enterprise analytics.
The acquisition accelerates Agentic AI and expands customers’ ability to combine SAP and non-SAP data to run analytical and AI workloads
Most enterprise AI projects fail to deliver value not because of the AI itself, but because the underlying data is fragmented, locked in proprietary formats and stripped of the business context that makes it meaningful. The result is a familiar and costly pattern: pilots that cannot scale, slow integration of new data sources, duplicated engineering work and compliance risk when organisations cannot explain how an AI-driven decision was reached. Dremio helps eliminate that data fragmentation and integration friction. The acquisition will complement the SAP Business Data Cloud and SAP HANA Cloud offerings to ensure seamless data integration across SAP and non-SAP data with high performance and low cost to accelerate AI-ready context and time-to-value for AI.
“ Enterprise AI doesn’ t stall because the models aren’ t good enough; it stalls because the data isn’ t ready for AI agents,” said Philipp Herzig, CTO, SAP SE.“ Dremio eliminates that bottleneck. Combined with SAP Business Data Cloud, we can now take customers from raw, fragmented data to governed, AI-ready intelligence on a single open platform.”
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