Comcast to Spin Off NBCUniversal and Sky in Tax-Free Corporate Split
By
Georg Szalai, Alex Weprin
Summary
Comcast announced a major corporate restructuring plan to split into two independent publicly traded companies through a tax-free spin-off of NBCUniversal and Sky. The move separates Comcast's media and entertainment assets from its technology and connectivity businesses. Brian Roberts will remain actively involved in both companies, with Mike Cavanagh becoming CEO of NBCUniversal and former CFO Michael Angelakis taking the helm at Comcast.
Source
Twitter / XComcast to Spin Off NBCUniversal and Sky in Tax-Free Corporate Splithollywoodreporter.comKey quotes
· 2 pulledFor more than sixty years, our company has grown by embracing change and investing for the future. Today is another one of those moments.
Roberts, who controls the company, will continue to be 'actively involved' in the leadership of Comcast and NBCUniversal, working in partnership with the CEOs of both.
You might also wanna read
Comcast to Spin Off NBCUniversal and Sky Media into Separate Public Company
Comcast announced it will spin off its media business (NBCUniversal and Sky) from its broadband and wireless technology operations into two
Deadline·7h agoComcast to Spin Off NBCUniversal and Sky Media into Separate Public Company
Comcast announced it will spin off its media business (NBCUniversal and Sky) from its broadband and wireless technology operations into two
deadline.com·7h ago
Comcast to Spin Off NBCUniversal and Sky Into Separate Public Company
Comcast announced plans to split its technology and media businesses through a tax-free spinoff of NBCUniversal and Sky into a separate publ
forbes.com·7h ago
Comcast to Spin Off NBCUniversal and Sky into Separate Publicly Traded Company
Comcast has announced plans to spin off NBCUniversal and Sky into a separate publicly traded company through a tax-free transaction. The mov
ispreview.co.uk·3h ago
Comcast to spin off NBCUniversal and Sky into separate publicly traded company; shares jump 23%
Comcast announced plans to spin off NBCUniversal and Sky into a separate publicly traded company via a tax-free transaction, expected to clo
cnbc.com·7h ago
Comcast to spin off NBCUniversal and Sky into separate publicly traded company
Comcast announced plans to split into two publicly traded companies, spinning off NBCUniversal and Sky into a separate entity while retainin
nbcnews.to·7h ago
Comcast Plans to Spin Off NBCUniversal and Sky Into Separate Public Company
Comcast announced plans to spin off NBCUniversal and Sky into a separate publicly traded company, marking another major shift in the media l
Comments
Sign in to join the conversation.
No comments yet. Be the first.