The move announced Monday will separate Comcast’s media and entertainment assets from its broadband and wireless business.
Comcast said it will separate into two publicly traded companies through a tax-free spinoff of NBCUniversal and Sky.
No possible tie-ups have been discussed, according to a report, and any potential deal would not happen until a period of time following the split with Comcast.
Comcast spent 25 years arguing that media and broadband belonged together. Now it's breaking them apart.
Comcast's decision to spin off NBCUniversal into a separate, publicly traded company raised questions about the future of the studio.
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Following quickly on the heels of spinning off Versant Media earlier this year, Comcast is now off-loading NBCUniversal, carrying with it more questions than answers.
Comcast co-CEO's Brian Roberts and Mike Cavanagh reiterated that this split isn't about a sale, but Wall Street is already thinking about what comes next.
Roberts — who with his father built Comcast into a cable TV and internet colossus — announced his company would spin off its prestigious NBCUniversal unit into a sepa ...
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Entertainment arm to split from mobile and broadband in move that raises questions over future of Sky News ...