Comcast to separate into 2 companies
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Comcast spent 25 years arguing that media and broadband belonged together. Now it's breaking them 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 swears its NBCUniversal spinoff isn’t about a sale.
Almost as soon as the two companies announced a split, analysts rushed to consider potential merger and acquisition targets for each.
Comcast co-CEO's Brian Roberts and Mike Cavanagh reiterated that this split isn't about a sale, but Wall Street is already thinking about what comes next.
Comcast announced plans this week to spin off NBCUniversal into its own, publicly traded company, and one Hollywood insider believes the move could have an immediate impact on NFL rights. Discussing the plans on his podcast The Town this week,
Both Comcast (NASDAQ: CMCSA) and Netflix (NASDAQ: NFLX) have taken hits over the past month, and retirement-focused investors are wondering which one belongs in the portfolio right now. Both stocks are bruised, both are buying back shares, and both are in ...
