DB Media & Online #what's appening: ITV/Sky deal closer, Moonpig/FY results, PRX/Alan, Deezer, Springer/Tech Event

Research evidence excerpt

DB Media & Online #what's appening: ITV/Sky deal closer, Moonpig/FY results, PRX/Alan, Deezer, Springer/Tech Event

Deutsche Bank

Research

Europe Industry Date

25 June 2026

Media and Online DB Media & Online

Periodical

#what's appening

ITV/Sky deal closer, Moonpig/FY results,

PRX/Alan, Deezer, Springer/Tech Event

Silvia Cuneo

Newsflow, overnight research, valuation comps - if you'd like to discuss any of the

Research Analyst

following in more detail or require models, please get in touch with Gareth, Nizla, +44-20-754-73770

Steve or Annabel. Our contact details are listed in the right-hand margin.

Nizla Naizer

ITV (Hold, last close: 79.90p): Reuters reports Sky has agreed terms to acquire

+44-20-754-12403

ITV's Broadcast business for potentially GBP1.6bn (which represents a slight

upside to our SOTP valuation); deal could be announced in the next two weeks as Gareth Davies

per sources. Overnight, Reuters reported that Sky (100%-owned by US media Research Analyst

group Comcast) has agreed terms to acquire ITV's broadcast and streaming unit. +44-20-754-11560

The news agency added that the deal could potentially value ITV’s Media & Steve Liechti

Entertainment (M&E) business at GBP1.6bn (this was already reported by the Research Analyst

media last November) and is currently being finalized by lawyers, citing +44-20-7541-1549

unconfirmed sources. The proposed transaction value is expected to include ITV Annabel Hames

Studios acquiring Sky's Love Productions (the producer of "The Piano"), which is Research Analyst

valued between GBP80-120m based on comparable deals and will have an earn-out +44-20-754-11574

component. Reuters reported that the proposed announcement could be made in Tarun Mittal

the next two weeks, though timing could slip due to legal complexities.