Comcast Corp (CMCSA)
S&P 500 Index: Comcast Jumps, Tech Stocks Gain as Ceasefire Holds
Tech stocks rebound as the S&P 500 Index rises, Comcast surges on its breakup plan, and a US-Iran ceasefire helps lift stock market sentiment.
Comcast Says It's Splitting Its Media and Tech Businesses. The Stock Is Soaring
Comcast shares are soaring after the company announced plans to split its media and technology businesses.
Read the memo Comcast sent employees about its plans to spin off its media business
Comcast announced plans to split its media and tech businesses into separate companies. In a memo shared with its employees, the company spoke of both units' "great business prospects.
Comcast Plans Company Split, Sending Shares Soaring 22%
The spinoff of NBCUniversal and Sky will separate the company's connectivity business from its film, theme park and streaming operations.
LightShed's Rich Greenfield on Comcast's spin-off: 'This gives you a lot more optionality'
Rich Greenfield, LightShed Partners co-founder, joins ‘Squawk Box' to discuss Comcast, as the company announced that it will spin off its media and tech businesses into two publicly traded companies.
Comcast stock jumps 23% after company announces NBCUniversal, Sky spin-off
Comcast on Monday unveiled plans to break itself into two publicly traded companies, separating its connectivity operations from its media and entertainment assets in the latest attempt by a legacy media company to adapt to the rapidly changing streaming landscape. The tax-free spin-off, expected to be completed in about a year, will create one company centred on Comcast's cable, wireless and business services, while the second will house NBCUniversal, Sky, Universal theme parks, its film and television studios, NBC and streaming platform Peacock.
Comcast plans to split into two companies, will spinoff NBC and Sky
The transaction is expected to close in about a year, subject to regulatory and board approval.
Comcast Announces Plan To Split Tech And Media Businesses With NBCUniversal Spinoff
In premarket trading early on Monday, Comcast's shares soared to $29.23, up more than 26% from Friday's close.
Comcast stock surges after it says it's spinning off its media businesses
Comcast announced plans to split its media and tech businesses into two companies. The move is intended to give each company greater strategic focus.
Comcast to spin off NBCUniversal after 15 years of ownership
Comcast on Monday said it would spin off NBCUniversal into a separate company, breaking off the media business it acquired 15 years ago.
Comcast announces it will spin off media and tech wings into separate public companies
Comcast said Monday it plans to separate its media and technology businesses into two publicly traded companies.
Comcast (CMCSA) Ascends While Market Falls: Some Facts to Note
In the most recent trading session, Comcast (CMCSA) closed at $23.17, indicating a +2.12% shift from the previous trading day.
