A Japanese company has bought the famed Pebble Beach Golf Links, site of the 1992 U.S. Open Championship.
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The purchase by a subsidiary of Cosmo World Corp. of Tokyo, is the latest in a string of U.S. buys by Japanese companies, but those who will be affected by the deal said they aren't concerned about Pebble Beach's future.The purchase price for the Pebble Beach Co.'s 5,300 acres on the Monterey Peninsula was not disclosed, but real estate experts estimated it was between $800 million and $1 billion.