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Benzinga
Benzinga
Business
Alex Perry

Webtoon Entertainment Stock Soars On Disney Deal

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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