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ITV sells stake in ‘Netflix rival’ BritBox for 拢255m

ITV plc has sold its 50% interest in digital subscription streaming service BritBox International to its joint venture partner BBC Studios. The deal is for a cash consideration of 拢255 million. The transaction will provide net proceeds including loan repayments and accrued dividends and after tax of around 拢235m. The UK鈥檚 two largest broadcasters launched … Continue reading ITV sells stake in ‘Netflix rival’ BritBox for 拢255m