Comcast said it will separate into two publicly traded companies through a tax-free spinoff of NBCUniversal and Sky.

The move announced Monday will separate Comcast’s media and entertainment assets from its broadband and wireless business.

Comcast is positioning itself for the next round of media industry merger and acquisition activity by spinning off NBCUniversal.

Mike Cavanagh will be the CEO of NBCUniversal and Comcast's former CFO Michael Angelakis will become the CEO of Comcast in the separation of its media and technology businesses.

Shares of the company rose more than 20% in premarket trading on Monday.

Comcast subsidiary Sky plans to buy the UK's biggest broadcaster, ITV.

The debt rating agency is weighing in on a transaction to separate the tech and media businesses just as "weakening dynamics ...

TREVOSE, Pa.--(BUSINESS WIRE)--Comcast has connected the first 1,000 homes and businesses in Upper Saucon, Pa., to its reliable, high-speed Internet network as part of an expansion that will ...

Shares of the slumbering media and connectivity giant opened 18% higher on Monday after the company announced plans to spin ...

By Aditya Soni and Anhata Rooprai June 29 (Reuters) - Comcast will split into two publicly traded companies through a spinoff of NBCUniversal and Sky, separating its cash-generating broadband arm from ...