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Story summary
- Comcast announced it will spin off NBCUniversal and Sky into a separate media company.
- Comcast shares rose $4.85, or 21%, to $28.02 in pre-market trading.
- NBCUniversal will keep NBC, Universal Studios, Peacock and theme parks.
- Comcast will retain Xfinity, Xfinity Wireless and a 19.9% stake in NBCUniversal.
- The separation should close in about 12 months, giving shareholders shares in both companies.
