You are here

Comcast to buy stake in USJ, announcement due Monday

1111122.jpg
US cable company Comcast Corp will announce plans to buy a stake in Japanese theme park operator USJ Co at a news conference scheduled later on Monday, Kyodo News reported.

[TOKYO] US cable company Comcast Corp will announce plans to buy a stake in Japanese theme park operator USJ Co at a news conference scheduled later on Monday, Kyodo News reported.

The Wall Street Journal reported earlier this month the owners of Universal Studios Japan, including Goldman Sachs Group Inc, were in talks to sell a stake to Comcast's NBCUniversal.

USJ originally planned a Tokyo listing in September but delayed it because of the sale talks, a person familiar with the matter told the Wall Street Journal then.

USJ is due to hold a news conference at 1.30pm (0430 GMT) in Osaka, with Comcast Chief Executive Brian Roberts, a Goldman Sachs executive and others attending.

REUTERS

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom