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Barchart
Barchart
Anushka Dutta

This Little-Known Stock Just Landed a Big Disney Win. Should You Buy Shares Here?

Adeia Disney DIS Roth Capital

Media and semiconductor intellectual property (IP) licensing company Adeia (ADEA) announced that it had entered a long-term media IP licensing agreement with entertainment industry giant The Walt Disney Company (DIS), which grants Disney access to Adeia’s comprehensive media IP portfolio. 

The agreement also resolves all outstanding litigation between the two companies. This news sent Adeia’s stock sharply higher, with the stock gaining 30.5% intraday on Dec. 22. 

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