Comcast shares rally as media conglomerate unveils split into two public companies

What happened: Comcast (CMCSA) shares surged 23% during Monday’s pre-market session.

What’s behind the move: Comcast disclosed plans to split its operations into two independent public entities, separating its media division from its technology and connectivity segments.

The transaction will be executed via a tax‑free spin‑off of NBCUniversal and Sky.

What else you need to know: Comcast anticipates the separation will be completed within roughly one year. Upon completion, existing Comcast shareholders will obtain stakes in both the remaining Comcast and the newly autonomous NBCUniversal.

The announcement follows a challenging year for Comcast’s stock, which has declined approximately 30% over the past twelve months and 17% year‑to‑date, reflecting ongoing headwinds in the media sector as audiences migrate from traditional cable to streaming platforms.

Ines Ferre, senior business reporter for Yahoo Finance, can be followed on X at @ines_ferre.

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