Webtoon Sells 2% Stake to Disney for $32.8 Million

Webtoon Entertainment Inc. has announced that it entered into a Securities Purchase Agreement with a wholly owned indirect subsidiary of The Walt Disney Company. Under the agreement, Disney acquired 2,666,757 shares of Webtoon’s common stock—representing roughly a 2% equity stake—for a total purchase price of $32,774,443.53. The shares were issued in a private placement under an exemption from public offering registration. As part of the deal, Disney received certain rights related to its investment, including approval over specific corporate actions and transfer rights aligned with those of NAVER Corporation or LY Corporation. Additionally, Webtoon and Disney have entered into a definitive agreement to jointly develop a new digital comics platform. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Webtoon Entertainment Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001997859-26-000004), on January 08, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here