Comcast’s European pay-TV business Sky is in talks to acquire U.K. TV giant ITV’s media and entertainment (M&E) unit.

In a statement early Friday morning London time, ITV said it “is in preliminary discussions regarding a possible sale of its M&E business to Sky for an enterprise value of £1.6 billion,” which translates to $2.1 billion.

The M&E business includes ITV’s commercial free-to-air TV channels in the U.K., as well as its ITVX streaming platform. Not part of a deal would be production powerhouse ITV Studios, which produces such shows as Love Island , Britain’s Got Talent , and the Harlan Coben Netflix hit series Fool Me Once , among many others.

ITV Studios has been the topic of much deal chatter in recent years, with the likes of Banijay and others being cited as pote

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