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Comcast to buy remaining 49% stake in Universal Studios Japan

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Staff Writer | Wednesday March 1, 2017 2:49AM ET
Comcast
Acquisition   Universal Studios Japan opened in 2001

Comcast willl 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.


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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, private equity firm MBK and other owners.

Elsewhere in Asia, the company is building a theme park in Beijing and licenses one in Singapore.

Universal Studios Japan opened in 2001 as a Japanese company with a license from NBCUniversal. Comcast bought a 51 percent stake in 2015.

The transaction is expected to close before the end of April 2017.

 

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