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Comcast announced Monday it will spin off NBCUniversal into a separate, independent company — unwinding a media acquisition the cable giant completed 15 years ago.
Investors responded by pushing Comcast shares to their best single-day performance in 18 years.
A Reversal 15 Years in the Making The decision marks a significant structural reversal for Comcast, which spent years absorbing NBCUniversal into its core operations.
The spin-off would place the media business — television networks, film studios, and streaming assets that travel under the NBCUniversal name — into the hands of a standalone entity, separate from Comcast's cable and broadband infrastructure.
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