Comcast to spin off NBCUniversal and Sky into separate media business

According to The Guardian, Comcast announced today that it will create a separate publicly traded company to house NBCUniversal, Sky, and related entertainment assets. The move separates its media operations from mobile and broadband business. Comcast acquired Sky's European operations for thirty-one billion pounds eight years ago. The spin-off will take about a year and raises questions about Sky News's regulatory future.

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