8legs: Versant

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Comcast’s Versant Spin-Off From NBCU Set to Close in January

Comcast approves the separation of its cable networks into a new independent company, Versant Media Group, to be launched in January.
Versant will trade as an independent, publicly traded company under Nasdaq symbol VSNT, with the distribution expected early January 2026.
The spin-off will pro rata distribute all Versant shares to Comcast holders, creating a distinct market-ready entity separate from NBCU’s core assets.
The move is intended to unlock value by decoupling NBC and Telemundo from a larger cable network portfolio as streaming grows.
Bravo will remain with NBCU after the spin-off, preserving a property with strong streaming appeal.
Versant leadership will feature Mark Lazarus as CEO, with the new standalone board guiding strategic direction.
The January distribution date marks a clear milestone in Versant’s post-separation trajectory.
Versant will include NBCU-affiliated networks and digital assets, separating them from Comcast’s broader cable portfolio to unlock value.
The deal aligns with broader industry shifts as Warner Bros. Discovery also explores separating networks from studios and streaming.
The tax status of the separation is expected to be tax-free for Comcast and its shareholders, subject to advisor opinions.

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