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

Comcast is unwinding one of its biggest moves in decades. The cable and media conglomerate is spinning off NBC Universal and Sky—its European pay-TV business—into a separate company. That reverses a strategy that started more than fifteen years ago when Comcast first moved to acquire NBC Universal. According to Variety, Comcast's leadership says the spinoff is absolutely not designed to lead to mergers or acquisitions. Instead, they say they've simply decided these media businesses are better off independent from cable and broadband services.

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