The two will screen 60 live matches each season in a five-year deal with the SPL.
The deal is believed to be worth a similar amount to Setanta Sports’ original deal with the SPL.
SPL chairman Lex Gold said: “We are pleased that in just over three weeks we have been able to strike this deal.
“Sky and ESPN are two of the biggest names in sports broadcasting and they will bring first-class production standards and a wide audience to the table.
“We are looking forward to working with both in the coming years to raise the profile of the SPL for our clubs, fans and partners.”
