Comcast Plans Company Split as Competition Escalates

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 said Monday it plans to separate its media and technology businesses into two publicly traded 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…

The move announced Monday will separate Comcast’s media and entertainment assets from its broadband and wireless business.

June 29 : Comcast will split into two publicly traded companies through a spinoff of NBCUniversal and Sky, separating its cash-generating broadband arm from a media and…

June 29 : Comcast will split into two publicly traded companies through a spinoff of NBCUniversal and Sky, separating its cash-generating broadband arm from a media and…

The company is separating its high growth technology and connectivity business from its media business.

Comcast Plans to Split Into Two, Sending Shares Soaring 25%

Goldman Sachs and PJT Partners are advising Comcast on the tax-free spin-off...

In premarket trading, Comcast shares surged 24%.

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

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

Studio and broadcast business to become separate public companies

Comcast plans to split its media and technology businesses, spinning off NBCUniversal and Sky into a separate company. Read more.

Comcast Plans Company Split, Sending Shares Soaring 22%

The cable giant is separating NBCUniversal and Sky into an independent media company, ending a conglomerate structure investors have discounted for years.

Comcast plans to spin off NBCUniversal and Sky, creating two publicly traded companies as streaming competition reshapes the US media landscape.

This might not have happened if not for Paramount/WBD and Charter/Cox.

Comcast Plans Company Split as Competition Escalates