Current shareholders would receive shares in both companies under the planned split, Comcast said Monday.

NBCUniversal and Sky spun off as ex-CFO Michael Angelakis returns to become CEO

The company said it expects the split to be completed within a year, with Comcast’s shareholders owning shares in both companies.

Comcast is set to divide into two separate, publicly traded entities, spinning off its NBCUniversal and Sky media assets. This strategic move will create distinct companies: one…

Comcast said it plans to separate its media and technology businesses into two publicly traded companies.