business
Comcast stock surges as cable giant announces company split
Key takeaways
- What's behind the move: Comcast announced Monday that it intends to divide its operations into two standalone public companies, separating its media assets from its technology and connectivity businesses.
- The transaction will be completed through a tax-free spin-off of NBCUniversal and Sky.
- What else you need to know: Comcast expects the separation to take approximately one year to finalize.
Comcast stock surges as cable giant announces company split Ines Ferré · Senior Business Reporter Mon, June 29, 2026 at 7:39 PM GMT+7 1 min read CMCSA What happened: Comcast (CMCSA) stock jumped 23% in pre-market trading on Monday.
What's behind the move: Comcast announced Monday that it intends to divide its operations into two standalone public companies, separating its media assets from its technology and connectivity businesses.
The transaction will be completed through a tax-free spin-off of NBCUniversal and Sky.
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