Comcast / NBCUniversal

Stories

Comcast locks the ledger: Versant spinoff record date sets up a new public home for CNBC, MS NOW, and USA

Completed Versant separation; stock showed technical adjustment post-distribution but maintained stability as streamlined growth-focused company

The divorce is final. Comcast completed the pro rata distribution of Versant Media Group shares on January 2, 2026; on January 5, the new company began regular-way trading on Nasdaq under ticker VSNT.

Updated May 15

Netflix’s $82.7 billion bid for Warner Bros. rewrites the streaming wars

Money Moves

Unsuccessful rival bidder proposing a merger of assets

On December 5, 2025, Netflix announced a definitive deal to acquire Warner Bros.' film and television studios and streaming businesses, including HBO and HBO Max, valued at $72 billion in equity and $82.7 billion including debt. On January 20, 2026, the parties amended to an all-cash structure at $27.75 per share, with a shareholder vote expected by April 2026.

Updated May 10