Comcast Corporation announced the approval of the separation of Versant Media Group, Inc. from its remaining businesses.
Shareholders will receive shares of Versant Class A common stock or Versant Class B common stock in a pro rata distribution.
The distribution of Versant shares is expected to be completed after the close of trading on Nasdaq on January 2, 2026.
Separation Approval
Comcast Board approves the separation of Versant Media Group, Inc.
Distribution Details
Shareholders to receive one share of Versant Class A or B common stock for every 25 shares of Comcast Class A or B common stock.
Completion Conditions
The completion of the distribution is subject to customary conditions including confirming the tax-free status of the separation.
- Following the distribution, Versant will operate as an independent, publicly traded company.
- Versant has received approval for listing its common stock on Nasdaq under the symbol 'VSNT'.
Comcast Corporation's separation of Versant Media Group, Inc. marks a significant strategic move towards establishing Versant as an independent entity, offering shareholders a new opportunity for investment in the media industry.