PHOTO: Hogwarts at Universal Studios Japan. (photo via Flickr/Calvin YC)
On Tuesday, officials from Comcast agreed to purchase the remaining 49 percent ownership stake in the Universal Studios Japan theme park that it doesn’t already own.
The deal is valued at $2.3 billion.
According to Reuters.com, Comcast purchased the remaining stake from Goldman Sachs, former Universal Studios Japan Chief Executive Officer Glenn Gumpel, private-equity firm MBK Partners and U.S. hedge fund Owl Creek Asset Management.
The deal is expected to close in April, and it values the amusement park at $7.4 billion, which includes the assumption of net debt. Comcast originally purchased a 51 percent stake in Universal Studios Japan for $1.5 billion during a 2015 deal.
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The continued move by Comcast to expand its presence in the Asian theme park industry was bolstered by Tuesday’s announcement. In addition to owning Universal Studios Japan, Comcast is also building a new park in Beijing and licenses a theme park in Singapore.
In 2014, Universal Studios Japan opened The Wizarding World of Harry Potter attraction, and officials from the theme park have announced plans to open a Minion-themed portion of the park later this year.