Comcast Bosses Say NBCU-Cable Separation ‘Absolutely Not’ Designed to Pursue M&A Deals; ‘We’ve Now Simply Changed Our Mind’ That the Businesses Are Better Together

ONP Summary

Comcast announced plans to separate into two independent publicly traded companies through a spinoff of its media and entertainment division, which includes NBCUniversal and Sky, from its broadband and wireless operations. The two entities will operate as standalone companies, with the media business operating under the NBCUniversal brand and the communications arm retaining the Comcast name. Shareholders will maintain ownership positions in both newly separated entities, with the transaction anticipated to be completed within approximately one year.