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Versant closed down 13% at $40.57 in its Nasdaq debut on January 5, giving it a market value of $5.85B; Comcast distributed the shares to investors on January 2 (Hannah Miller/Bloomberg)

Mediagazer · last updated

Hannah Miller / Bloomberg:
Versant closed down 13% at $40.57 in its Nasdaq debut on January 5, giving it a market value of $5.85B; Comcast distributed the shares to investors on January 2  —  Versant Media Group Inc., the parent of CNBC, USA and other cable-TV networks, fell 13% in its first official day of trading after being spun off from Comcast Corp.