Comcast said Monday it plans to separate its media and technology businesses into two publicly traded companies through a tax-free spin-off of NBCUniversal and Sky, to better position strategic priorities.
The spin-off is expected to be completed in about one year, and Comcast shareholders will own shares in both Comcast and NBCUniversal, the company said in a statement.
Comcast shares jumped as much as 14% in premarket trading.
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<small>Source: CNBC</small>
