Comcast shares surged more than 25% in premarket trading after announcing plans to split its media and tech businesses into two publicly traded companies. The separation, expected within a year, will be executed through a tax‑free spin‑off of NBCUniversal and Sky.
Comcast Announces Separation in Major Corporate Restructure
Executives said the move will sharpen strategic focus, allowing each company to invest more effectively and pursue independent growth opportunities. Co‑CEO Brian Roberts called it “a very exciting day,” noting the transaction will unlock entrepreneurial management. Earlier this year, Comcast also spun off its cable networks, including CNBC and MSNBC, into Versant Media.
Read the original article on Business Insider
