Comcast to buy Japan theme park stake in its biggest overseas deal
Its CEO says this is the start of the company making more global investments
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Tokyo
COMCAST Corp is making its biggest overseas investment, as the largest US cable operator seeks international growth after being stymied in its bid to acquire its second-largest competitor Time Warner Cable Inc.
Comcast's NBCUniversal unit will pay US$1.5 billion for the 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, MBK Partners and USJ chief executive officer Glenn Gumpel will retain minority stakes.
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