Comcast to Split into Two Public Companies, Spinning NBCUniversal and Sky into a New Standalone Firm
Comcast said it will split into two publicly traded companies, spinning NBCUniversal and Sky into a new standalone entity led by NBCU CEO Mike Cavanagh, while Comcast retains up to a 19.9% stake for about a year. The move aims to give NBCUniversal more growth freedom as a pure-play media company, with Comcast continuing to provide internet services. The company has already reshaped assets with Versant Media Group and investors’ reaction was positive for the spinoff plan, though analysts note NBCU could pursue acquisitions as the entertainment landscape evolves.