Comcast co-CEOs Brian Roberts and Mike Cavanagh said the NBCU-cable split is 'absolutely not' prelude to M&A deals and that 'we've now simply changed our mind' that the businesses are better together.

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…

NBCUniversal will include the group’s large theme parks operation and its Sky business in Europe.

Studio and broadcast business to become separate public companies