Versant
Coverage of Versant in the Nexus archive.
- Versant agrees to buy golf simulator company Full Swing for $530 million
Versant has agreed to acquire golf simulator company Full Swing for $530 million. The acquisition aims to expand Versant's non-traditional media assets and diversify revenue away from cable television.
- Comcast to split into two companies
Comcast will split into two publicly traded companies, separating its broadband and wireless business from NBCUniversal and Sky. The split will take about a year, with Comcast retaining a 19% stake in NBCUniversal. Mike Cavanagh will lead NBCUniversal, while Michael Angelakis will oversee the new Comcast entity.
- Versant reports first-quarter revenue decline, with bright spots in platforms and licensing
Versant reported a decline in first-quarter revenue, but saw positive results in platforms and licensing. The company is a portfolio of TV networks spun out from Comcast. Versant is operating as an independent company for the first time.
- Letterboxd, the social platform for film buffs, reportedly looking for new owner
Letterboxd, a social platform for film enthusiasts, is reportedly seeking a new owner. Potential buyers include Versant, parent company of CNBC and MS NOW, and Hollywood media company The Ankler, according to Semafor.