24H｜Webtoon Shares Soar 57% on Disney Investment, Online Comic Venture; BigBear.ai Jumps 4%; Figure up 3%
WEBTOON Entertainment Inc. rose 58% in overnight trading after Disney plans to take a stake in Webtoon Entertainment as the companies prepare to create a new digital platform that will house all of the entertainment giant's various comic brands, including Marvel and Star Wars.
The companies said Monday that they have signed a non-binding term sheet for development of the new platform, which will feature current comic book runs and decades of older comics from across Disney's portfolio.
In conjunction with the collaboration, Disney has signed a non-binding term sheet to acquire a 2% equity interest in Webtoon, though the companies have yet to reach a definitive agreement.
BigBear.ai Holdings rose 4% in overnight trading.
Figure Technology Solutions rose 3% in overnight trading after soaring 15% on the previous trading day.
Related Articles
[Reuters Analysis] Why South Korea cannot make the same US trade deal as Japan
South Korea trade talks with U.S. have stalled due to FX issuesCurrency market too small for $350 bln fund, unlike Japan's caseHopes grow that bilateral currency swap line may offer solution By Jihoon Lee and Yena Park SEOUL, Sept 15 (Reuters) - South Korea's negotiations with the U.S. on...
[Reuters Analysis] US economy braces for twin housing, labor market headwinds: McGeever
By Jamie McGeeverORLANDO, Florida, Sept 15 (Reuters) - The U.S. labor market appears to be deteriorating rapidly just as the country's housing market is also creaking, two negative forces that risk feeding off each other and smothering economic growth.On the labor side, the latest sweep of data ...
What hurdles lie ahead for any US-China TikTok deal?
By David Shepardson WASHINGTON, Sept 15 (Reuters) - Questions and potential hurdles surround a framework agreement announced on Monday between the U.S. and China that would switch short-video app TikTok to U.S.-controlled ownership, including whether any deal will comply with a 2024 law. U.S. and
September Global Central Bank Divergence: How Will U.S. Stocks and Forex Markets Move?
TradingKey - Despite the divergence in monetary policies among major global central banks in September (with the Federal Reserve cutting rates while the European Central Bank, Bank of England, and Bank of Japan maintain steady rates), we expect the policy directions of the Fed, ECB, and BoE to...
