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Comcast To Buy 51 Percent Of Universal Studios Japan For $1.5 Billion

Source: thewillnigeria.com
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U.S. cable company Comcast Corp said on Monday it has agreed to buy a 51 percent stake in Osaka-based theme park operator USJ Co for $1.5 billion.

Comcast said in a statement Goldman Sachs Group Inc, Seoul-based private equity firm MBK Partners and others will retain a 49 percent stake in USJ, the operator of Universal Studios Japan.

The deal gives USJ an enterprise value of $6.2 billion, Comcast said.

Comcast owns Universal Studios and as well as Universal Theme Parks through its NBCUniversal unit.

REUTERS