Comcast Paid $23 Billion for NBCUniversal. Now It’s Spinning It Off Because the Strategy ‘Was Not Working.’ – Signal Press

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Comcast Paid $23 Billion for NBCUniversal. Now It’s Spinning It Off Because the Strategy ‘Was Not Working.’

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The spinoff announcement sent Comcast’s stock up 23% — and may have turned NBCUniversal into a takeover target.

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