Comcast Corp (CMCSA)
Comcast's Spinoff Ripples Through Sector & Dividend ETFs
Comcast Corp. (CMCSA) sent shockwaves through the media landscape with the announcement that it would spin off its media business today. The telecommunications giant will divest its traditional cable television networks, namely NBCUniversal and Sky, into a standalone, publicly traded company.
Telecom Turmoil: Comcast Rises 7% on Media Spinoff, AT&T Falls 5% on CFO Exit and Starlink Threat, Verizon Sinks 7% on Dow Exit
U.S. telecom and media giants are moving in opposite directions in midday trading.
Comcast to separate NBCUniversal and Sky in tax-free spinoff, shares rise
Comcast Corporation (NASDAQ:CMCSA, XETRA:CTP2) shares rose more than 6% on Monday after the company announced plans to separate its businesses into two independent, publicly traded companies through a tax-free spin-off of NBCUniversal and Sky. Under the proposed transaction, Comcast shareholders would receive stock in both new entities, effectively splitting the company into a connectivity-focused Comcast and a standalone media and entertainment business comprising NBCUniversal and Sky.
Comcast to Split Into Two Public Companies as NBCUniversal and Cable Go Separate Ways
A CNBC segment reported that Comcast (NASDAQ:CMCSA | CMCSA Price Prediction) plans to separate its media and cable/technology operations into two publicly traded companies, with Mike Cavanaugh leading NBCUniversal and Michael Angelakis returning as CEO of the cable business.
Comcast Corporation (CMCSA) Discusses Strategic Separation of Media and Technology Businesses Into Two Public Companies Transcript
Comcast Corporation (CMCSA) Discusses Strategic Separation of Media and Technology Businesses Into Two Public Companies Transcript
Struggling Media Stock Looks to Carve Through Streaming Wars
Comcast Corp (NASDAQ:CMCSA) is trading 8.9% higher at $25.23 this morning, after news broke that the media conglomerate will spinoff its NBCUniversal and Sky units into separate companies.
Comcast is cutting NBCUniversal loose. Netflix, Apple, and Amazon might want to look.
Comcast spent decades arguing that it made sense for a giant broadband company to own a giant media company. Lots of people have made similar arguments about combining distribution and content over the years.
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.
