Comcast completes spinoff of Versant Media Group

Comcast Corporation (NASDAQ: CMCSA) completed the separation of Versant Media Group, Inc. into an independent public company effective January 2, 2026, at 11:59 p.m. Eastern Time, according to a company statement.

Versant began trading on the Nasdaq under ticker symbol VSNT. Comcast shareholders received one share of Versant Class A or Class B common stock for every 25 shares of corresponding Comcast stock held at the close of business on December 16, 2025.

The distribution of Versant shares occurred after the close of trading on January 2, 2026. Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, and PJT Partners LP served as financial advisors to Comcast, while Davis Polk & Wardwell LLP provided legal counsel.

Versant operates across four markets: political news and opinion, business news and personal finance, golf and athletics participation, and sports and genre entertainment. The company's portfolio includes brands such as CNBC, USA Network, Golf Channel, Oxygen, E!, and SYFY, along with digital assets including Fandango, Rotten Tomatoes, GolfNow and GolfPass.

You May Also Be Interested In