Comcast soars 20% after announcing it will spin off NBCUniversal and Sky from cable business

Comcast is splitting up. The cable giant announced today it will spin off NBCUniversal and Sky into separate publicly traded companies through a tax-free separation. The move would allow Comcast to focus its cable and internet business while letting the media and international operations stand alone. Investors cheered the announcement, with Comcast shares jumping twenty percent.

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