Comcast spins off NBCUniversal and Sky into separate public companies
Comcast said it will split its media and technology businesses, creating a tax-free spin-off of NBCUniversal and Sky, with shareholders receiving shares in both companies, CNBC reported. The plan would produce two independent publicly traded firms.
NBC News later noted that the separation would divide Comcast into a media entity holding NBCUniversal and Sky and a broadband and wireless business, and that the transaction is expected to close within a year. The Los Angeles Times added that the spin-off would focus on NBCUniversal’s entertainment and news assets while the remaining company would keep its core broadband and pay-TV distribution operations.