Comcast says NBCU-Sky split is not a step toward M&A

TL;DR: Comcast said its planned separation of its cable and connectivity business from NBCUniversal and Sky is not intended to set up strategic mergers or acquisitions, according to comments from Comcast President and CEO Brian Roberts reported by Light Reading.

Comcast said its decision to separate its cable and connectivity unit from NBCUniversal and Sky is not a step toward strategic mergers and acquisitions, according to comments by Brian Roberts reported by Light Reading. The report says the restructuring has prompted market speculation about possible deals involving both sides of the business.

Light Reading reported that Roberts downplayed the idea that the split is preparation for M&A. The article describes the move as a separation between Comcast's cable and connectivity operations and its media and international assets, including NBCUniversal and Sky.

The source excerpt does not provide a date for the separation, financial terms, or a transaction structure. The reported point of record is Comcast's position that the split should not be read as an immediate signal of strategic dealmaking involving NBCUniversal, Sky, or the cable and connectivity business.

Related questions

• What businesses are included in Comcast's cable and connectivity unit?
• What assets remain with NBCUniversal and Sky after the separation?
• What did Brian Roberts say about M&A speculation around the split?