Under the terms of the previously announced transaction, AT&T has spun off
AT&T Broadband and combined it with Comcast. As a result, AT&T
shareholders are entitled to receive 0.3235 shares of the new Comcast
Corporation Class A common stock in respect of each share of AT&T common
stock they owned at the close of business on Friday, November 15, 2002, the
record date for the spin-off, and will continue to hold their shares of AT&T
common stock.

said by jester121 :

It wasn't a merger OR a spin-off, but rather a combination of the 2. In your own quote Rob,