Editing Comcast (section)

====Later investments, proposed spin-off of several NBCU assets====
On June 20, 2022, Comcast acquired Levl, an American-Israeli startup develops technology that authenticates wireless devices and can help prevent hacking, for an estimated $50 million. Following the acquisition, Comcast announced it will set up its first development center in [[Israel]].<ref name="comcast1">{{cite web |url=https://www.calcalistech.com/ctechnews/article/bjngl9at5|title=Comcast to acquire startup Levl for an estimated $50 million |work=Ctech |first=Meir |last=Orbach |date=June 20, 2020|access-date=June 20, 2020}}</ref>

In 2023, Comcast and Disney agreed that Comcast would sell its 33% stake to [[Hulu]] (the service has an audience of 48 million [[Subscription_business_model|subscribers]]). The [[Streaming_media|streaming service]] is valued at $27.5 billion in this deal. Part of the proceeds from this deal will be used to [[Share_repurchase|buy back]] Comcast [[Share_(finance)|shares]].<ref>{{Cite news|lang=en|url=https://www.nytimes.com/2023/09/06/business/media/comcast-disney-hulu-deal.html|title=Comcast and Disney Agree to Speed Up Hulu Deal|work=The New York Times |date=September 6, 2023 |access-date=2024-02-26|archive-date=2024-02-07|archive-url=https://web.archive.org/web/20240207171133/https://www.nytimes.com/2023/09/06/business/media/comcast-disney-hulu-deal.html |last1=Mullin |first1=Benjamin }}</ref>

On October 31, 2024, Mike Cavanagh announced on the company's 2024 third-quarter earnings call that it would consider a spin-off of its cable networks.<ref>{{cite web|url=https://deadline.com/2024/10/comcast-may-form-separate-company-for-cable-networks-1236163211/|title=Comcast Looking At Forming A New Stand-Alone Company For Its Cable Networks, President Mike Cavanagh Says|date=31 October 2024|access-date=20 November 2024|work=Deadline|first=Dade|last=Hayes}}</ref> On November 20th of that same year, the company announced that it had greenlit the spin-off. The entity would consist of NBCU's US cable networks including [[USA Network]], [[CNBC]], [[MSNBC]], [[Oxygen (TV channel)|Oxygen]], [[E!]], [[Syfy]] and [[Golf Channel]] alongside the company's digital portfolio such as [[Fandango Media|Fandango]], [[SportsEngine]], [[Rotten Tomatoes]] and [[GolfNow]]. NBCU would retain the [[NBC]] network, [[Telemundo]], [[Bravo (American TV network)|Bravo]], [[Peacock (streaming service)|Peacock]], [[Hayu (streaming service)|Hayu]], the [[NBC Sports]] and [[NBC News]] divisions as well as NBCU's [[Universal Studios, Inc.|filmed entertainment]], [[Universal Studio Group|television studios]] and [[Universal Destinations and Experiences|theme park]] businesses. The separate entity, classified as a tax-free spin-off is scheduled to be completed in 2025, pending regulatory approval.<ref>{{cite web|url=https://corporate.comcast.com/press/releases/spin-off-select-cable-television-networks|title=Comcast Announces Intention to Create Leading Independent Media Business Through Spin-Off of Select Cable Television Networks|date=20 October 2024|work=Comcast}}</ref> This coincided with the promotion of Donna Langley to head the Entertainment & Studios group while Matt Strauss being promoted to chairman as Mark Lazarus and Anand Kimi plan to step down after the spin-off's completion to head the separate entity.<ref>{{cite web|url=https://variety.com/2024/tv/news/matt-strauss-donna-langley-lead-nbcuniversal-1236215272/|title=Matt Strauss, Donna Langley Expand Roles at New NBCUniversal|first=Brian|last=Steinberg|date=20 October 2024|work=Variety}}</ref>