UK Regulators to Investigate Sky's $2.2B ITV Acquisition

• Culture Secretary Lisa Nandy has authorized an investigation into Sky's acquisition of ITV.
• The deal, valued at approximately $2.2 billion, will be scrutinized by Ofcom and the Competition and Markets Authority (CMA).
• Lisa Nandy previously expressed a willingness to intervene, citing public interest considerations.
• The investigation aims to assess the potential impact of the acquisition on the market and public interest.
• The decision follows formal notices issued to both Ofcom and the CMA to report their findings.