Business

Comcast Announces NBCU-Sky Spin-Off

Updated 2026-06-29 13:40 UTC 2 sources Neutral

Comcast announced plans to separate its media and cable businesses, spinning off NBCUniversal and Sky into a stand-alone entity. Co-CEOs Mike Cavanagh and Brian Roberts denied that the move is designed for potential M&A deals.

Coverage timeline — 2 articles

Deadline

Comcast Split Is “Absolutely Not” A Prelude To M&A Spree, Brian Roberts Insists

Comcast Co-CEO Brian Roberts sought to downplay the scenario that the media giant will be primed for dealmaking once it splits into two companies next year. “Absolutely not,” Roberts said in response to the M&A question during an investor call this morning. “This is the right m

2026-06-29 13:30 UTC

Variety

Comcast Bosses Say NBCU-Cable Separation ‘Absolutely Not’ Designed to Pursue M&A Deals; ‘We’ve Now Simply Changed Our Mind’ That the Businesses Are Better Together

More than 15 years ago, Comcast took its first steps toward taking over NBCUniversal. Now it’s unwinding the media business from the broadband and TV pipes, planning to spin off NBCU and Sky into a stand-alone entity. So what changed in the intervening years? Mike Cavanagh, Comcast co-CEO who

2026-06-29 13:34 UTC