Reginal Thomas
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Comcast buys majority stake in Universal Studios Japan for $1.5 billion Expands Theme Park Business

Comcast Corp announced it plans to acquire a majority stake in Universal Studios Japan for $1.5 billion. The transaction will be the firm’s largest investment outside the United States and is part of a great more aggressive expansion of its theme parks unit. With the growing popularity of its Harry Potter attractions, Universal’s growth in its parks business made it all the more attractive for Comcast.

Comcast plans on launching a theme park in Beijing and an indoor theme park in Moscow. In a news conference Chief Executive Brian Roberts said “We will make more investments not only Osaka but also other areas.”

Comcast is buying the 51% stake from Goldman Sachs, Seoul based private equity arm MBK among other owners. The transaction give Universal Studio Japan and valuation of $6.2 billion according to Comcast. Goldman Sachs, MBK and other current owners will retain a small share in the Japanese theme parl operator.