The agreement, subject to shareholder and regulatory approval, will create the UK’s largest commercial broadcaster.
The proposed combination was first revealed last November.
It is aimed at creating a UK-focused streaming giant amid the challenge posed by bigger, established US platforms such as Netflix and Amazon Prime Video.
The deal includes the ITVX platform, along with ITV’s free-to-air channels, but not ITV’s studio operations.
Read more: Why a Sky-ITV deal makes sense
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