Comcast to spin off NBCUniversal and Sky into separate publicly traded company
By
Alexander Smith
Summary
Comcast announced plans to split into two publicly traded companies, spinning off NBCUniversal and Sky into a separate entity while retaining its broadband and wireless business. The newly spun-off company will include Universal theme parks, film and TV studios, NBC, Telemundo, Peacock, Bravo, and Sky. Comcast's stock surged over 25% in pre-market trading following the announcement.
Source
bskyComcast to spin off NBCUniversal and Sky into separate publicly traded companynbcnews.toKey quotes
· 3 pulledComcast announced Monday that it plans to split into two publicly traded companies by spinning off NBCUniversal and Sky.
The move will separate Comcast's media and entertainment assets from its broadband and wireless business.
The company's stock surged more than 25% in pre-market trading following the announcement.
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