ITV gets ministerial approval for UTV acquisition
Broadcaster ITV has received ministerial approval for its acquisition of UTV Media’s television assets.
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The company announced back in October that it had agreed to buy Northern Irish broadcaster UTV for £100m.
“ITV plc today announces that Ministerial approval has been received and all other conditions to completion have now been satisfied.”
Completion of the deal, which leaves UTV with just its radio and digital assets, is expected on 29 February.
At 1118 GMT, ITV shares were up 1.4% to 253.20p.