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Comcast NBCU To Buy 51% Of Universal Studios Japan

Comcast NBCUniversal said that it agreed to purchase 51% of Universal Studios Japan for $1.5 billion.

The current owners--including Goldman Sachs, Universal Studios Japan CEO Glenn Gumpel, MBK Partners and Owl Creek Asset Management--will retain a minority stake. Universal Studios Japan currently operates as an independent company under license from NBCU.

The purchase will enable Comcast NBCU and its Universal Parks and Resorts division to build a stronger , more direct presence in Japan and grow and evolve the theme park, Comcast said

The park has been growing in attendance and revenue and features classic Universal attractions as well as some specifically designed for Japan.

Read more at B&C.