00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Comcast said Monday it plans to split into two publicly traded companies by spinning off
00:08NBCUniversal and Sky, according to NBC News. The move will separate its media and entertainment
00:14assets from its broadband and wireless business. Comcast shares surged more than 22% in pre-market
00:20trading after the announcement. The spun-off NBCUniversal will include theme parks,
00:25Universal Film and Television Studios, NBC, Telemundo, Peacock, Bravo, and Sky.
00:33Comcast will continue to operate its broadband, wireless, and entertainment platforms.
00:37The separation is expected to close in about a year. Comcast said shareholders will own
00:42shares in both companies after the transaction. For all things money, visit benzinga.com.
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