Press announcement: Roberts (2nd left), Universal Studios Japan chairman and CEO Glenn Gumpel (2nd right) attend their joint news conference in Osaka, western Japan yesterday. Comcast Corp has agreed to acquire a majority stake in Osaka-based Universal Studios Japan for US1.5bil, part of an acceleration of its global theme park strategy. – Reuters
TOKYO: Comcast Corp is making its biggest overseas investment, as the largest US cable operator seeks international growth after being stymied in its bid to acquire its second-largest competitor Time Warner Cable Inc.
Comcast’s NBCUniversal unit will pay US$1.5bil for the stake in USJ Co, the operating company of the Universal Studios Japan theme park in Osaka, Comcast said in a statement. Current shareholders Goldman Sachs Group Inc, MBK Partners Ltd and USJ chief executive officer Glenn Gumpel will retain minority stakes.
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