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Comcast to split its cable business from media through NBCUniversal and Sky spinoff

Comcast NBCUniversal Sky NBC Universal United States

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.

Shares of the company rose more than 20% in premarket trading on Monday.

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