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Comcast to Buy Rest of Universal Studios Japan for $2.3 Billion

Universal Studios Japan Logo

NBCUniversal, owned by American media and telecomms giant Comcast is tobuythe remaining 49% it doesn't currently ownin Universal Studios Japan for $2.3 billion.

Bloomberg reports that NBC bought the remaining stake in the theme park from Goldman Sachs, former Universal Studios Japan Chief Executive Officer Glenn Gumpel, private-equity firm MBK Partners and U.S. hedge fund Owl Creek Asset Management. The deal values the theme park at $7.4 billion, including the assumption of net debt, according to a statement released on Tuesday.

In 2015, NBCUniversal bought for a 51% stake in USJ Co. (the operating company of the Universal Studios Japan theme park in Osaka)for$1.5 billion.

Universal Studios Japan opened The Wizarding World of Harry Potter attraction in 2014 and recently announced it wouldopen a Dragon Quest attraction and a Minion-themed zone in the parklater this year.


Comcast has been growingits theme park business in Asia. Itis also building a theme park destination in Beijing and licenses another leading Asiantheme park, Universal Singapore.

The transaction willclose in April.

Comcast to Buy Rest of Universal Studios Japan for $2.3 Billion - Bloomberg