In Plain English
Comcast Corporation is splitting off Versant (VSNT) into its own separate, publicly-traded company. Shareholders typically receive shares in the new entity automatically. This has been completed.
Versant (VSNT) will become a separate public company
Deal Progress
RUMORED
ANNOUNCED
PENDING
ACTIVE
COMPLETED
Parent Company
Comcast Corporation
CMCSA
Media & Entertainment
SpinCo / Target
Versant (VSNT)
VSNT
Announced
Sep 15, 2025
Sep 15, 25
Expected
TBD
Market Cap
Not disclosed
Deal Value
Not disclosed
Summary
Comcast completed spinoff of Versant (cable networks including USA, CNBC, MSNBC, Oxygen, E!, SYFY). Shareholders received 0.04 shares of VSNT per CMCSA share.
Deal Flow Timeline
Key milestones from announcement to expected completion
Deal Announced
2025-09-15
COMPLETEDForm 10 Filed
COMPLETEDIRS Tax Ruling
COMPLETEDShareholder Approval
COMPLETEDRecord Date
COMPLETEDDistribution / Completion
2026-03-31
COMPLETEDDeal Announced
COMPLETEDInitial public announcement of the transaction.
2025-09-15
Form 10 Filed
COMPLETEDRegistration statement filed with the SEC for the new entity.
IRS Tax Ruling
COMPLETEDPrivate letter ruling confirming tax-free treatment.
Shareholder Approval
COMPLETEDBoard and/or shareholder vote to approve the separation.
Record Date
COMPLETEDRecord date for distribution of new shares.
Distribution / Completion
COMPLETEDShares of the new entity distributed to shareholders.
2026-03-31