MarketPR
Comcast said Monday it will spin off NBCUniversal into a separate, independent company, unwinding a media combination it has held for fifteen years.
The move would place the entertainment and broadcast conglomerate on its own balance sheet, distinct from Comcast's cable and broadband operations.
For investors, the announcement draws a clean line under one of the more consequential acquisition decisions in recent U.S.
The Separation A spin-off, in structural terms, distributes shares of the new entity to existing shareholders rather than selling the business to a third party for cash.
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