The move announced Monday will separate Comcast’s media and entertainment assets from its broadband and wireless business.
Current shareholders would receive shares in both companies under the planned split, Comcast said Monday.
Comcast’s media businesses, including NBC, Peacock and Universal, are moving one step closer to a sale.
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 said it will separate into two publicly traded companies through a tax-free spinoff of NBCUniversal and Sky.
Comcast’s plans to split from NBCUniversal isn’t expected to draw much in the way of antitrust scrutiny. After all, the companies are essentially de-consolidating. But there are still questions as to ...
Comcast just announced it’s splitting NBCUniversal, including the Universal theme parks, into its own separate public company.
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 entertainment business under pressure ...
Comcast and NBCUniversal will separate into two independent, publicly traded companies within a year's time, the corporation announced on Monday. NBCUniversal will house the theme parks, Universal ...
Comcast, just months after shedding most of its cable TV business into Versant Media, is cleaving itself into two separate companies: one housing its namesake cable and tech operations, and the other ...
Comcast spent 25 years arguing that media and broadband belonged together. Now it's breaking them apart.