Comcast jumps 14% after announcing it will spin off media and tech wings into separate public companies

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Comcast jumps 14% after announcing it will spin off media and tech wings into separate public companies

Published Mon, Jun 29 2026 6:05 AM EDTUpdated 4 Min AgoElsa OhlenWATCH LIVE

Comcast said Monday it plans to separate its media and technology businesses into two publicly traded companies through a tax-free spin-off of NBCUniversal and Sky, to better position strategic priorities.

The spin-off is expected to be completed in about one year, and Comcast shareholders will own shares in both Comcast and NBCUniversal, the company said in a statement.

Comcast shares jumped as much as 14% in premarket trading.

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