Comcast Corp said it will purchase a majority stake in Universal Studios Japan for $1.5 billion, its biggest investment outside the United States and part of an aggressive expansion of its theme park business globally.Propelled by the huge popularity of Harry Potter attractions, its Universal Studios parks have become a core growth business for Comcast, which saw its $45 billion bid for Time Warner Cable Inc fail on antitrust concerns this year. In addition to further investments undertaken at its U.S. parks, the No. 1 U.S. cable company is also planning a theme park in Beijing as well as an indoor theme park in Moscow."We will make more investments - not only Osaka but also other areas," Chief Executive Brian Roberts told a news conference.
Time Warner Cable Inc. (TWC) is a provider of video, high-speed data and voice services in the United States with clustered cable systems located in five geographic areas, including New York State, the Carolinas, the Midwest, Southern California and Texas. Shares of TWC fell by 2.16% or $-3.97/share to $179.82. In the past year, the shares have traded as low as $128.78 and as high as $194.22. On average, 1871770 shares of TWC exchange hands on a given day and today's volume is recorded at 1007858.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 1.44% or $-0.98/share to $66.89. In the past year, the shares have traded as low as $66.70 and as high as $91.34. On average, 5204410 shares of TWX exchange hands on a given day and today's volume is recorded at 1029806.