Comcast has officially completed the spinoff of several of its cable networks, launching Versant as a standalone public company on the Nasdaq stock exchange as of January 5. Versant, trading under the ticker symbol VSNT, opened at $45.17 per share. However, by 2:30 p.m. ET on its first trading day, the stock had declined approximately 14%, giving the company a market capitalization of about $6.72 billion based on intraday trading.

Versant’s portfolio includes networks and digital assets for well-known brands such as CNBC, MS NOW (formerly MSNBC), USA Network, Golf Channel, Oxygen, E!, Syfy, Fandango, Rotten Tomatoes, GolfNow, GolfPass, and SportsEngine.

“Today marks a defining moment as Versant becomes an independent, publicly traded media company,” said Mark Lazarus, CEO of Versant. “As a standalone company, we enter the market with the scale, strategy, and leadership to grow and evolve our business model.”

The spinoff was executed through a pro rata distribution of 100% of Versant’s Class A and Class B common stock to holders of Comcast’s Class A and Class B common stock. Shareholders received one share of Versant common stock for every 25 shares of Comcast common stock held as of the December 16, 2025 record date. The distribution was completed after the close of trading on January 2.

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