Comcast Plans To Spin Off Its Cable Networks And Digital Assets
Comcast(CMCSA) Forbes·2024-11-27 02:56
(Photo by Gary Hershorn/Getty Images)Getty ImagesDeal Overview Comcast Corp (NASDAQ: CMCSA, $43.20; Market Capitalization: $165.3 billion), a massive conglomerate that provides broadband services, operates theme parks and a media company that includes NBC and affiliated properties, is planning to spin off a large part of its NBCUniversal’s cable TV channels into a separate publicly traded company (SpinCo). The transaction will be structured as a tax-free spin to existing shareholders.Post Spin-off, the Spi ...