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Comcast takes majority stake in Universal Studios Japan

Sep 28, 2015 - The Deal Pipeline
Mergers and Acquisitions

Comcast Corp. (CMCSA) is acquiring a majority stake in Universal Studios Japan for over $1 billion as the media giant continues to turn to M&A to search for growth opportunities outside of its core, mature television business. 

Philadelphia-based Comcast announced Monday that it has agreed to purchase a 51% ownership stake of Universal Studios Japan for $1.5 billion (Â¥183 billion) from Goldman, Sachs & Co., Korea's MBK Partners, Owl Creek Asset Management LP and the target's CEO Glen...