Possible deals include a merger of Comcast with Charter Communications, the No. 2 cable and broadband company, or an NBC Universal deal with Netflix.
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Comcast co-CEO Brian Roberts spent his career building an integrated cable giant. To grow, he now plans to split it apart.
Investing.com - Netflix Inc (NASDAQ:NFLX) shares are trading up 3.8% at $74.14 on Wednesday, rebounding from near their 52-week low after The Wall Street Journal walked back speculation that the streaming giant was lining up a bid for NBCUniversal following Comcast Corp's (NASDAQ:CMCSA) announced spinoff.
Comcast is set to announce its second-quarter results this month, with analysts forecasting double-digit decline in its bottom-line figure.
Comcast's spinning off NBCUniversal could set them up to pursue future deals even if there aren't any deals on the table yet.
NBCU has shown interest in companies like Electronic Arts in the past and currently has a deal with Nintendo around the Super Mario Bros. franchise.
Big "vertical," synergistic-seeking media mergers are officially no longer a thing now that Comcast has decided to break apart the company. Again.
When Comcast Chairman Brian Roberts decided a few weeks ago to pursue a spinoff for the company’s media and entertainment business, there was just one question: Who would run the cable and broadband operations that remained? “This industry has been kind of in my blood for a long time,” Angelakis said in an interview. In bringing back Angelakis, Roberts, 67 years old, is picking an executive steeped in cable and broadband who is part of a small circle of trusted advisers, said people close to both men.
Trump’s control over federal government gets split decision, Comcast spinoff could spark media deals, Constellation earnings are coming, and more news to start your day.
Nearly two decades ago, Comcast bet that the future belonged to companies that owned both the pipes delivering entertainment and the shows themselves...
The case for bundling media with distribution has weakened in the streaming era, but further M&A makes less sense.
The planned spinoff of NBCU is another step in a long-running realignment of the media and entertainment industry’s power structure.
After months of waiting, the Supreme Court finally issued a ruling on Monday that rejected Trump’s bid to fire a sitting member of the Federal Reserve. The decision, which was widely expected, didn’t move markets much. The Nasdaq Composite Index closed up 2.1%.
Nobody saw this coming. Not Wall Street. Not Hollywood. And almost certainly not Netflix or Disney. On June 29, Comcast announced it would spin off NBCUniversal and Sky into a separate, publicly traded company through a tax-free transaction. After more than 15 years as a single company, the cable ...
(Bloomberg) -- Brian Roberts lost out on an opportunity last year to merge NBCUniversal with Warner Bros. Discovery Inc. But the process helped get the chairman and co-chief executive officer of Comcast Corp. thinking about what NBCUniversal would look like on its own. Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsUS Stocks Get Tech Boost After AI-Fueled Selloff: Markets WrapCook Stays at Fed But Trump Wins Power Over Other AgenciesSupreme Court Leaves Tr
By Stephen Culp NEW YORK, June 29 (Reuters) - U.S. stocks followed their world counterparts higher on Monday, with the S&P 500 and the Nasdaq snapping five-day losing streaks and the blue-chip Dow
NBCUniversal is eyeing opportunities in digital gaming and new entertainment franchises as the company weighs options for future growth after its planned spinoff from Comcast, according to three people with direct knowledge of the matter. Comcast’s cable and connectivity business, meanwhile, is ripe for technological investments that could take advantage of the massive surge in data centers and AI, these people said. No tie-ups have been discussed, and any potential deal would not happen until a period of time following the split, the people said.
📣 “So where previously we believed that the scale and diversification benefits warranted operating these businesses as one company, we now have simply changed our mind about that.” --Comcast's Mike Cavanagh ...
Comcast’s action immediately prompted speculation that more deals could be coming in the consolidating media business.
Comcast's NBCUniversal said on Monday that its streaming service Peacock's Premium Plus tier is now available for subscription through YouTube Primetime Channels, expanding access to its content library. Here are some details: • The move allows subscribers to view a wide range of Peacock offerings directly within the YouTube platform, including live sports, popular NBC and Bravo series, original programming and Universal films. It follows a broader agreement between NBCUniversal and Google that was announced in late 2025.
Comcast Corporation (NASDAQ:CMCSA, XETRA:CTP2) shares rose more than 6% on Monday after the company announced plans to separate its businesses into two independent, publicly traded companies through a tax-free spin-off of NBCUniversal and Sky. Under the proposed transaction, Comcast...
Comcast's decision to spin off its NBCUniversal and Sky businesses marks the latest effort by a major U.S. entertainment company to separate or reshape legacy television assets as cord-cutting accelerates and streaming upends the industry. The move follows years of sweeping strategic overhauls across the sector, with companies pursuing mergers, breakups, asset sales and lowered spending to sharpen focus and compete more effectively in an increasingly digital media landscape.
Comcast’s planned breakup is sending Charter Communications’ stock soaring. The cable giant plans to spin off NBCUniversal and Sky operations, leaving Comcast to focus on broadband, wireless and cable. “The core regulatory questions [for a potential bid] become cleaner: broadband concentration, local market overlap, wireless bundling and the FCC public interest review,” research firm MKI Global Partners said in a note today.
Comcast (CMCSA) said Monday it plans to split into two publicly traded companies, separating its NBC
Shares in the conglomerate soared about 20% premarket after it said it plans to separate into two companies through a tax-free spinoff of NBCUniversal and Sky. If Comcast holds through those gains through today's session, it would notch its largest one-day percentage increase since 2008.
Comcast is planning to split itself into two separate publicly traded companies by spinning off NBCUniversal and Sky. The planned move comes after Comcast announced in November 2024 that it was spinning off cable networks such as USA, Oxygen, E!, SYFY and Golf Channel, as well as CNBC and MSNBC into a new company. Like other cable companies, Comcast in recent years has shifted its business emphasis away from traditional cable toward streaming and other sources of revenue, such as its movie studio, theme parks and home wireless and internet services.
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Technology stocks were trading higher in premarket trading Monday as the looked set to finally snap its five-day losing streak. Semiconductor companies, other artificial-intelligence stocks, and the Magnificent Seven were among those rebounding to start the week. Microsoft jumped 2% ahead of the open, while Amazon Alphabet Nvidia Meta and Tesla were all up around 1%.
Comcast will split into two publicly traded companies through a spinoff of NBCUniversal and Sky, separating its cash-generating broadband arm from a media and entertainment business under pressure from streaming rivals and industry consolidation. The latest U.S. media industry shake-up follows years of cord-cutting as legacy players chase scale to better compete with Netflix while Paramount Skydance's $110 billion deal for Warner Bros Discovery is set to boost competition. Comcast, which leans on cable for much of its cash flow, is also losing broadband customers to fixed wireless offerings from T-Mobile and Verizon and to fiber rivals building out networks.
Comcast, which owns Xfinity, is now offering a convenient new service for internet customers as it struggles to prevent them from switching to its rivals. In 2025, Comcast lost more than 700,000 internet customers after it faced criticism for raising prices on its Xfinity services and removing its ...