Comcast stock surges as cable giant announces company split
What happened: Comcast (CMCSA) stock jumped 8% on Monday. What’s behind the move: Comcast announced Monday that it intends to divide its operations into two standalone public companies, separating its media assets from its technology and connectivity businesses. The transaction will be completed through a tax-free spin-off of NBCUniversal and Sky. “Comcast will continue to…
