Goldman and MBK Teaming To Buy Universal Studios Japan

(Reuters) – Goldman Sachs (GS.N) and private equity firm MBK Partners will jointly buy Universal Studios Japan (USJ) (2142.T) in a $1.4 billion deal, South Korea’s Maeil Business Newspaper reported on Tuesday.

Under the agreement, Goldman and MBK will acquire a 98.3 percent stake in Osaka-based USJ, the operator of a theme park with attractions based on movies such as Spider-Man and Jurassic Park, and plan to buy the remaining minority shares, the daily said, citing MBK sources.

Goldman Sachs and MBK could not immediately be reached for comment.

In March, USJ Co Ltd said it would go private in a 111.2 billion yen ($1.2 billion) buyout led by a Goldman Sachs fund. [ID:nTKF104302]

USJ is about 40 percent held by Crane Holdings Ltd, a subsidiary of Goldman Sachs.

The newspaper said Goldman and MBK Partners had launched a tender offer by May 21 to buy USJ shares from the Development Bank of Japan and other major shareholders in the theme park operator.

(Reporting by Kim Yeon-hee and Rhee So-eui; Editing by Jonathan Hopfner)