Comcast this morning rocked the media world, announcing plans to split into a pair of publicly traded companies.
The mechanism will be a tax-free spinoff of its media and entertainment ******* ets, headlined by NBCUniversal and Sky.
State of play: The big question is what deal shoe drops next, ******* uming the split closes sometime next year.
Comcast executives poured cold water on future M&A during the ******* yst call, with chairman and co-CEO Brian Roberts saying "absolutely not" when asked on an ******* yst call if investors should view the split as a step toward future strategic transactions.
Zoom in: It makes sense that Roberts would want to project strength for both Comcast and NBCUniversal as standalone businesses.