Current shareholders would receive shares in both companies under the planned split, Comcast said Monday.
Comcast is planning to split itself into two separate publicly traded companies by spinning off NBCUniversal and Sky.
Comcast shares popped after the company announced plans to spin off NBCUniversal into its own public company in about a year.
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Comcast shares rose 17% to $27.10 after announcing plans to spin off NBCUniversal and Sky, creating a standalone media ...
Peacock and other services won't be tied to the cable giant.
Comcast plans to separate its cable and media divisions over the next year. This could set each company up for M&A, but there ...
Shares of Comcast jumped after the company said it plans to separate its media and connectivity businesses into two separate companies. The stock climbed 23%, to $28.41, in premarket trading Monday.
A new California law bans streaming platforms from playing ads louder than the shows they interrupt, starting July 1.
Earlier in June, reports surfaced that Sky will acquire most of rival European broadcaster ITV, though official word of such ...
Comcast ( CMCSA) shook up the media sector on Monday with an announcement that it plans to separate the business into a ...
The cable giant is divesting its legacy media businesses.