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0 0.000182315405651741 0.000364630811303612 -0.000178669097538714 -0.000729261622607095 -0.000364630811303483 -0.000182315405651741 0.000364630811303612
Stock impact report

Comcast Corporation's (CMCSA) Board of Directors Approves the Formation of Versant Media Group [Yahoo! Finance]

Comcast Corporation - Class A (CMCSA) 
Last comcast corporation - class a earnings: 4/30 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: cmcsa.com/investors
Company Research Source: Yahoo! Finance
that its Board of Directors had approved the separation of cable television networks and complementary digital platforms from its remaining businesses. This will result in the creation of a new independent publicly traded company called Versant Media Group, Inc. ?Management noted that the separation will be achieved through pro rata distribution of 100% of the outstanding shares of Versant Class A common stock and Versant Class B common stock. Shareholders of Comcast A and Comcast B will receive one share of Versant for every 25 shares of Comcast. The distribution is expected on January 2, 2026. ?On the other hand, Wall Street has a conservative outlook on Comcast Corporation (NASDAQ:CMCSA) due to a more than 27% fall in share price year-to-date. On December 2, Kannan Venkateshwar from Barclays lowered the firm's price target on the stock from $34 to $30 and maintained a Hold rating. Earlier, on December 1, Barton Crockett from Rosenblatt Securities also lowered the price target f Show less Read more
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