Comcast announced plans to separate into two companies through a tax-free spinoff of NBCUniversal and Sky. Comcast stock soared on the news.

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

Comcast is planning to split itself into two separate publicly traded companies by spinning off NBCUniversal and Sky.

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.