Comcast Plans Split of NBCUniversal and Sky From Core Tech Arm
TL;DR
Comcast will spin off its media business, NBCUniversal and Sky, from its broadband/tech operations into two public companies in a tax-free deal expected to close in about a year. NBCUniversal will include Sky, Universal, NBC, Telemundo, Peacock and Bravo, while the remaining arm focuses on customer experiences on a converged network. Comcast may retain up to 19.9% stake for about a year; leadership will shift, with Mike Cavanagh to run NBCUniversal, Angelakis to become Comcast CEO after the split, and Brian Roberts remaining actively involved across the companies.
- Comcast To Split NBCUniversal & Sky Media Business From Technology Business Deadline
- Comcast says it will spin off NBCUniversal CNN
- Sky to Join Standalone NBCUniversal Company Under Comcast Split Yahoo
- Comcast Announces Plans to Separate Media and Technology Businesses into Two Leading Public Companies Comcast Corporation
- Comcast soars 23% after announcing it will spin off media and tech wings into separate public companies CNBC
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