Comcast Says It's Splitting Its Media and Tech Businesses. The Stock Is Soaring

Comcast, NBCUniversal splitting into separate companies

Comcast, NBCUniversal splitting into separate companies

Comcast plans to split into two companies, will spinoff NBC and Sky

Comcast unveiled plans Monday to split its media and technology businesses into two separately traded public companies as the entertainment industry reels from consumers abandoning the traditional TV bundle in favor of streaming services. The tax-free spinoff will separate NBCUniversal and Sky into a standalone media company while the remaining Comcast business will concentrate on its broadband, wireless and business services operations, according to the company's announcement.

Comcast is splitting its media and broadband properties

NBCUniversal and Sky will be spun off into separate companies.

Comcast to Spin Off NBCUniversal and Sky as Shares Surge 25% in Best Day Since 2015

Twenty-four years after Brian Roberts assembled NBCUniversal, Sky, and Peacock under one cable company, Comcast announced it is separating the media assets into a new public company — and shares surged 24, the biggest single-day gain in over a decade.

Comcast to Split Again as NBCUniversal Breaks Away Just Months After Versant Spin-Off

Comcast is once again tearing itself apart with another corporate split. Just months after spinning off much of its traditional cable television business into the newly formed Versant Media, Comcast announced Monday that it plans to split itself into two separate publicly traded companies, separating NBCUniversal and Sky from its core cable, broadband, wireless, and [] The post Comcast to Split Again as NBCUniversal Breaks Away Just Months After Versant Spin-Off appeared first on That Park Place.