Comcast said it will separate into two publicly traded companies through a tax-free spinoff of NBCUniversal and Sky.

The move announced Monday will separate Comcast’s media and entertainment assets from its broadband and wireless business.

Comcast has agreed to pay $117.5 million to settle a class-action lawsuit stemming from a cybersecurity breach that exposed the personal information of millions of Xfinity customers in October 2023.

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