Comcast Stock Climbs on Anticipation of $7B Spinoff of NBCUniversal Cable Networks
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Comcast shares rose in after-hours trading due to reports of a planned $7 billion spinoff of its NBCUniversal cable networks.
November 20, 2024 | 1:00 am
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Comcast shares increased in after-hours trading as the company is expected to announce a $7 billion spinoff of its NBCUniversal cable networks.
The anticipation of a $7 billion spinoff of NBCUniversal cable networks is seen as a positive strategic move, likely to unlock value for Comcast shareholders. This has led to a rise in Comcast's stock price in after-hours trading.
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