Webtoon Shares Bounce Back Near IPO Price with Disney's Backing

By Dean Seal


Shares of Webtoon Entertainment are climbing close to their IPO price after Disney said it was preparing to take a 2% stake in the online-comics company.

The stock rose 36% to $20.40 in the morning trading session. Shares debuted at $21 in June 2024 and tumbled as low as $6.75 in April before bouncing back over the last month.

Disney said after Monday's closing bell that it has signed a non-binding term sheet to acquire a 2% equity interest in Webtoon. The companies have also reached an agreement for Webtoon to build a new digital-comics platform to house all of Disney's various comics brands.

The deals are an expansion of a team-up Disney announced a month ago to put nearly 100 classic comics and new online series on Webtoon's online-comic platform.


Write to Dean Seal at dean.seal@wsj.com


(END) Dow Jones Newswires

September 16, 2025 10:51 ET (14:51 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.

Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.

Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.

Popular

Sponsor Center