The unit, which oversees a portfolio including NextDoor,, Bird and Hippo, will operate as part of Comcast's business development division.

US-headquartered mass media group Comcast is bringing corporate venturing unit Comcast Ventures into its business development division and readjusting its focus to strategic investments, CNBC reported on Friday. The unit will be overseen by Sam Schwartz, Comcast’s chief business development officer, according to people familiar with the matter. Comcast Ventures was launched in 1999 as…

The rest of this content is only accessible to Global Corporate Venturing Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.