Comcast said it will separate into two publicly traded companies through a tax-free spinoff of NBCUniversal and Sky.

The move announced Monday will separate Comcast’s media and entertainment assets from its broadband and wireless business.

Comcast is spinning off its NBCUniversal entertainment and media assets into a separate publicly traded company.

Comcast has agreed to pay $117.5 million to settle a class-action lawsuit stemming from a cybersecurity breach that exposed the personal information of millions of Xfinity customers in October 2023.

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