NBCUniversal

Comcast says it plans to split into two businesses, NBCUniversal and Sky

by

Comcast said Monday it will split into two companies by spinning off NBCUniversal and Sky, giving existing shareholders stock in both businesses. In a statement, the media company said the tax-free spinoff will allow each business to pursue its own strategy, invest for growth and create shareholder value. Shares of Comcast jumped $4.85, or 21%, to … Read more

Comcast to split into two companies, spin off NBCUniversal and Sky

by

Comcast announced Monday that it plans to split into two publicly traded companies by spinning off NBCUniversal and Sky, the British broadcaster it bought in 2018. Limited time: Save 25% on NBC News subscription Get exclusive reporting, live Q&As and ad-free reading. The move will separate Comcast’s media and entertainment assets from its broadband and … Read more