Comcast Board Approves Spin-Off of Versant Media Group
Comcast Corporation's Board of Directors has approved the spin-off of its cable television networks and digital platforms into a new independent company, Versant Media Group, Inc. Versant shares will be distributed tax-free to Comcast shareholders and listed on Nasdaq under the symbol 'VSNT.' The separation is subject to customary conditions. Financial advisors for the transaction are Goldman Sachs and Morgan Stanley, with legal counsel from Davis Polk & Wardwell.
Comcast Corporation has announced that its Board of Directors has approved the separation of a portfolio of cable television networks and digital platforms to form a new independent, publicly traded company, Versant Media Group, Inc. The distribution of Versant shares to Comcast shareholders is expected to be tax-free, pending confirmation from Comcast’s tax advisor. Versant’s common stock will be listed on Nasdaq under the symbol “VSNT.” The separation is subject to customary conditions, and shareholders will receive an information statement detailing the transaction and potential risks. Financial advisors for Comcast in this transaction are Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC, with legal counsel provided by Davis Polk & Wardwell LLP. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Comcast Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20251203596447) on December 03, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
