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

Mike Cavanagh will be the CEO of NBCUniversal and Comcast's former CFO Michael Angelakis will become the CEO of Comcast in the separation of its media and technology businesses.

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

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 ...

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

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

Comcast said it plans to separate its media and technology businesses into two publicly traded companies.

Comcast will split into two publicly traded companies through a spinoff of NBCUniversal and Sky, separating its cash-generating broadband arm from a media and entertainment business under pressure ...

June 29 (Reuters) – Comcast will split into two publicly traded companies through a spinoff of NBCUniversal and Sky, separating its cash-generating broadband arm from a media and entertainment ...

Comcast's NBCUniversal split should not disrupt Peacock or Xfinity right away, but it signals a deeper break between internet ...

Shares of the slumbering media and connectivity giant opened 18% higher on Monday after the company announced plans to spin ...