economy
Comcast is splitting in two
Posts from this topic will be added to your daily email digest and your homepage feed.
TL;DR
- Comcast is splitting into two publicly traded companies: Comcast and NBCUniversal.
- The separation aims to protect Comcast's profitable broadband and wireless business.
- NBCUniversal will house media and entertainment assets, including Sky, Universal Studios, and various networks.
- The new Comcast will focus on connectivity platforms.
- The separation is expected to be completed within approximately one year.
- Mike Cavanagh will lead NBCUniversal, and Michael Angelakis will become CEO of the new Comcast.
- Comcast shareholders will own shares in both companies post-split.