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Comcast Will Buy 51% Stake in Universal Studios Japan for $1.5 Billion

  • Company to pay $1.5 billion for 51% of Universal Studios Japan
  • Comcast, NBCUniversal to become more global: CEO Brian Roberts
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Comcast Corp. is making its biggest overseas investment, as the largest U.S. cable operator seeks international growth after being stymied in its bid to acquire the second-largest operator Time Warner Cable Inc.

Comcast’s NBCUniversal unit will pay $1.5 billion for a 51 percent 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.