The move announced Monday will separate Comcast’s media and entertainment assets from its broadband and wireless business.

In the latest close session, Comcast (CMCSA) was up +1.7% at $23.97. The stock outperformed the S&P 500, which registered a daily loss of 0.79%. Meanwhile, the Dow lost 0.26%, and the Nasdaq, a ...

Comcast said it will separate into two publicly traded companies through a tax-free spinoff of NBCUniversal and Sky.

Current shareholders would receive shares in both companies under the planned split, Comcast said Monday.

Comcast is positioning itself for the next round of media industry merger and acquisition activity by spinning off NBCUniversal.

Comcast's decision to spin off NBCUniversal into a separate, publicly traded company raised questions about the future of the ...

The company said it expects the split to be completed within a year, with Comcast’s shareholders owning shares in both companies.

You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. Wouldn't it be cool if the same company that sold you internet also sold you TV shows and movies? This ...

Comcast, just months after shedding most of its cable TV business into Versant Media, is cleaving itself into two separate companies: one housing its namesake cable and tech operations, and the other ...

Comcast plans to spin out NBCUniversal and leave the entertainment business.

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 will split into two publicly traded companies through a spinoff of NBCUniversal and Sky, separating its ...