COMCAST Spins Off Versant Media Group
Why we think this is neutral
This RNS announcement does not contain any of the mandatory news types specified, such as contract news, order news, trading update, financing, funding, annual results, asset sale/disposal, flow testing, licence news, or delisting. Therefore, the sentiment is assessed as neutral.
Key Points
- Spin-off of VERSANT MEDIA GROUP INC from COMCAST CORP CLASS A
- Shareholders of COMCAST CORP CLASS A to receive 4 shares of VERSANT MEDIA GROUP INC for every 100 shares held
Summary
The major media company has announced a spin-off of its subsidiary Versant Media Group.
COMCAST CORP CLASS A (CMCSA US) has announced a spin-off of its subsidiary VERSANT MEDIA GROUP INC (VSNT US). Following this spin-off, shareholders of COMCAST CORP CLASS A will receive 4 shares of VERSANT MEDIA GROUP INC for every 100 shares of COMCAST CORP CLASS A held.
GENERAL UPDATE