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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

Comcast to spin off NBCUniversal and Sky into separate media business

Sky Sports’ Ian Ward, Nasser Hussain and Michael Atherton on the second day of the second Test between England and New Zealand
Sky Sports’ Ian Ward, Nasser Hussain and Michael Atherton on the second day of the second Test between England and New Zealand. Photograph: Philip Brown/Getty Images

Comcast is to spin off its media operation, which includes Sky and the Hollywood film studio, TV and theme park business NBCUniversal, into a separate publicly listed company.

The move comes eight years after the US group, which said the separation will take a year to complete, acquired Sky’s European operations for £31bn.

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