VERSANT begins trading on NASDAQ following Comcast spinoff completion

VERSANT (NASDAQ: VSNT) commenced trading as an independent public company following the completion of its spinoff from Comcast Corporation (NASDAQ: CMCSA), according to a company statement.

The media and entertainment company operates across four markets: political news and opinion, business news and personal finance, golf and athletics participation, and sports and genre entertainment. Its portfolio includes television networks and digital properties such as CNBC, MS NOW, USA Network, Golf Channel, Oxygen, E!, SYFY, Fandango, Rotten Tomatoes, GolfNow, GolfPass, and SportsEngine.

The spinoff was executed through a pro rata distribution of VERSANT shares to Comcast stockholders at a ratio of one VERSANT share for every 25 Comcast shares held as of the December 16, 2025 record date. The distribution was completed after the close of trading on January 2, 2026.

"Today marks a defining moment as VERSANT becomes an independent, publicly traded media company," said Mark Lazarus, Chief Executive Officer. "As a standalone company, we enter the market with the scale, strategy and leadership to grow and evolve our business model."

Chief Operating Officer and Chief Financial Officer Anand Kini stated the company begins operations with what he described as a strong balance sheet and substantial cash flow generation capabilities.

The separation establishes VERSANT as a standalone entity separate from Comcast's remaining operations, which include its cable and broadband services business.

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