The move is just the latest corporate spin-off orchestrated by Comcast. Earlier this year, the company completed the spin-off of its cable companies into Versant, with the new company including MS NOW, CNBC, USA Network, Oxygen, E!, Syfy, and more.
Elsewhere in the industry, Paramount’s impending acquisition of Warner Bros. Discovery was recently approved by the Department of Justice, bringing the company one step closer to its $110 billion takeover of the entertainment company and its assets.
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