Comcast acquires the remaining shares of Universal Studios Japan as a wholly-owned subsidiary

Reuters reported on February 28 that Comcast, the largest cable TV operator in the United States, will acquire a 49% stake in Universal Studios Japan (USJ) that it does not yet hold for 254.8 billion yen (US$2.27 billion).

Original title: Comcast plans to spend US$2.27 billion to acquire a 49% stake in Universal Studios Japan

. Reuters reported on February 28 that Comcast, the largest cable operator in the United States, will acquire the 49% stake in Universal Studios Japan (USJ) it has not yet held for 254.8 billion yen (US2.27 billion).

It is reported that Comcast had purchased a 51% stake in Universal Studios Japan in 2015. This time, Concas acquired the remaining 49% stake in Universal Studios Japan from Goldman Sachs, private equity firm MBK and other holders.

The deal values the Japanese theme park operator at 840 billion yen ($7.5 billion), including net debt assumed.

According to reports, Comcast is actively expanding its theme park business in Asia and is currently building theme parks in Beijing and licensing a Singapore theme park.

According to the reporter, on July 8 last year, Beijing Shouhuan Cultural Tourism Investment Co., Ltd. officially acquired a piece of land with a construction land area of 2.0708 million square meters located in Tongzhou Cultural Tourism Zone at a starting price of 8.7 billion yuan. The land will be used as the first phase of the Beijing Global Theme Park project.

The relevant person in charge of Beijing Shouhuan Cultural Tourism Investment Co., Ltd. said that it has formed a joint venture with Comcast NBC Universal Group of the United States to officially start the construction of the first phase of the global theme park project.

Editor: Nancy