Current shareholders would receive shares in both companies under the planned split, Comcast said Monday.
By
/ CBS News
Comcast said Monday it will split into two companies by spinning off NBCUniversal and Sky, giving existing shareholders stock in both businesses.
In a statement, the media company said the tax-free spinoff will allow each business to pursue its own strategy, invest for growth and create shareholder value.
Shares of Comcast jumped $4.85, or 21%, to $28.02 in premarket trading.
This is breaking news and will be updated.
Edited by Stephen Smith
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