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.

Mike Cavanagh will be the CEO of NBCUniversal and Comcast’s former CFO Michael Angelakis will become the CEO of Comcast in the separation of its media and technology businesses.

Comcast, just months after the Versant spinoff, is cleaving itself into two separate companies: one housing its namesake cable and tech operations, and the other comprising…

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.

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

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, the US media behemoth which owns Sky TV, has announced plans to split in two as Sky is agreeing to terms with ITV

Comcast shares are trading higher Monday after announcing a tax-free spin-off to create two independent companies, NBCUniversal and Sky.