Comcast announced it will acquire British broadcaster ITV's media and entertainment business for £1.2 billion ($1.6 billion) in cash, with an additional £200 million possible based on advertising performance. This deal includes ITV's free-to-air TV, pay TV, and streaming units, and comes just a week after Comcast revealed plans to spin off NBCUniversal. The acquisition strengthens Comcast's Sky division in the UK media market and expands its content portfolio.

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Comcast plans to spin off NBCUniversal, setting stage for major media deals.

Comcast CEO Brian Roberts announced plans to spin off NBCUniversal and Sky, separating them from Comcast's cable business. This move creates three distinct companies, making it easier for Comcast to buy and sell major media assets. Roberts will retai...

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