Comcast to Buy Remaining 49 Percent Stake in Universal Studios Japan

3/1/17

Comcast Corp (CMCSA.O) said on Tuesday it would buy the 49 percent it does not already own in Universal Studios Japan (USJ) for 254.8 billion yen ($2.27 billion) as the No. 1 U.S. cable operator seeks to expand its Asian theme parks business.

The deal values the Japanese theme park operator at 840 billion yen ($7.5 billion), including the assumption of net debt.

Comcast is buying USJ from Goldman Sachs (GS.N), private equity firm MBK and other owners.

READ FULL ARTICLE HERE