Sky's £1.6bn ITV takeover: job cuts, content deals and antitrust hurdles ahead

Sky is planning a £1.6 billion ($2.1 billion) takeover of ITV, which would create the UK's largest commercial broadcaster. The two companies aim to complete the deal next year, positioning themselves as a British "streaming champion." The merger involves job cuts, content-sharing arrangements, executive reshuffles and prolonged antitrust scrutiny.