After receiving a 2% stake from Disney, the stock price of Webtoon surged nearly 90% in after-hours trading
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Disney announced a partnership with Webtoon Entertainment to jointly develop a digital comic platform and acquire a 2% stake in it. Following this news, Webtoon’s stock price surged nearly 90% in after-hours trading. The new platform will feature over 35,000 classic Disney comics, offering both vertical and traditional formats, targeting existing Marvel Unlimited and Disney+ users
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