Simon Cowell 'signs £150 million deal to keep The X Factor and Britain's Got Talent on TV for three more years'

The 54-year-old mogul has reportedly finalized the lucrative deal following protracted talks between production company Syco and ITV over a period of months. 

According to The Sun he has also wrangled a 'performer' deal that will see him make a welcome return to one of his long-running shows, while an added clause could give him the opportunity to feature on both.