Comcast CorpComcast announced a tax-free spin-off of NBCUniversal and Sky, creating two independent publicly traded companies.
Comcast announced plans to separate into two independent publicly traded companies through a tax-free spin-off of NBCUniversal and Sky, expected to be completed in approximately one year. Following the transaction, Comcast shareholders will own shares in both companies, with Comcast retaining a stake of up to 19.9% in NBCUniversal for up to one year after completion. Separately, Rocket Lab announced a cash-and-stock deal valued at approximately $8 billion to acquire Iridium Communications, creating a vertically integrated space company. Iridium shareholders will receive $27.00 in cash plus Rocket Lab shares for each Iridium share, for a total implied value of $54.00 per share. The Supreme Court rejected in a 5-4 decision President Donald Trump's attempt to immediately fire Federal Reserve Board Governor Lisa Cook, allowing her to stay on the central bank board while her lawsuit proceeds. British American Tobacco announced plans to cut 5,500 jobs and move a further 3,500 roles to strategic partners, affecting about 20% of its global workforce, as it accelerates an AI-driven transformation program expected to generate an additional £600 million in annualized cost savings by 2028.
Comcast CorpComcast announced a tax-free spin-off of NBCUniversal and Sky, creating two independent publicly traded companies.
Bill Com Holdings Inc
Iridium Communications IncIridium Communications is being acquired by Rocket Lab in a cash-and-stock deal valued at approximately $8 billion, with shareholders receiving $54.00 per share.
Rocket Lab USA Inc.Rocket Lab announced an $8 billion acquisition of Iridium Communications, creating a vertically integrated space company.
British American Tobacco PLCBritish American Tobacco announced plans to cut 5,500 jobs and move 3,500 roles to strategic partners as part of an AI-driven transformation program.