Will Comcast (CMCSA) Stock be Affected Today by Creation of New Investment Company?

March 31, 2015 1:20 PM

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Will Comcast (CMCSA) Stock be Affected Today by Creation of New Investment Company?

NEW YORK (TheStreet) -- Comcast Corp. (CMCSA - Get Report) announced today that it has entered into an agreement with the company's vice chairman and CFO Michael Angelakis to create a new strategic company with a focus on investing in and operating growth-oriented companies both domestically and internationally.

"This is a time of tremendous change and opportunity in our core technology and media industries, as well as in adjacent business areas. We believe the ability to establish entrepreneurial ventures that partner with and participate in the growth of innovative companies can be an important driver of ...

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