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Benzinga

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Alex Perry

FOUND: Webtoon entertainment stock soars on disney deal - What They Never Told You

Disney Webtoon Entertainment Walt Disney Co Marvel Pixar

StockChartDisplay,Stock,Market,Numbers,In,A,Street

Shares of digital comic platform company Webtoon Entertainment Inc (NASDAQ:WBTN) are trading higher on Tuesday after the company announced a deal with entertainment giant Walt Disney Co (NYSE:DIS) to develop an all-digital comics platform using Disney’s extensive portfolio.

What To Know: Webtoon shares initially jumped 60% after the company entered into a non-binding term sheet with Disney for the development of an all-new digital comics platform. Shares were up about 29% at last check, according to Benzinga Pro.

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