Comcast to spin off NBCUniversal and Sky into separate media business

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Comcast plans to spin off its media businesses, including NBCUniversal and Sky, into a separate publicly listed company. This separation, expected to take a year, comes eight years after Comcast acquired Sky’s European operations for £31 billion.

Entertainment arm to split from mobile and broadband in move that raises questions over future of Sky News Business live – latest updates Comcast is to spin off its media operation, which includes Sky and the Hollywood film studio, TV and theme park business NBCUniversal, into a separate publicly listed company. The move comes eight years after the US group, which said the separation will take a year to complete, acquired Sky’s European operations for £31bn. Continue reading...