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Comcast to buy remaining 49 pct stake in Universal Studios Japan
February 28, 2017 / 3:10 PM / 9 months ago

Comcast to buy remaining 49 pct stake in Universal Studios Japan

REUTERS - U.S. cable and media company Comcast Corp said on Tuesday it would buy the 49 percent it does not already own in Universal Studios Japan (USJ) in a deal valued at 254.8 billion yen ($2.27 billion).

A technician's vehicle sits in the parking lot at a Comcast facility in Lawrence, Massachusetts, U.S. January 25, 2017. REUTERS/Brian Snyder/Files

The deal values the Japanese theme park operator at 840 billion yen ($7.50 billion), including the assumption of debt.

Comcast is buying USJ from Goldman Sachs, private equity firm MBK and other owners.

($1 = 112.1300 yen)

Reporting by Anya George Tharakan in Bengaluru; Editing by Sai Sachin Ravikumar

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