Disney Discloses $1.5B Stake In Epic Games; Reveals Approximately 8% Ownership In Regulatory Filing
Portfolio Pulse from Benzinga Newsdesk
Disney has disclosed a $1.5 billion stake in Epic Games, revealing approximately 8% ownership in a recent regulatory filing.
August 07, 2024 | 1:52 pm
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Disney has disclosed a $1.5 billion stake in Epic Games, revealing approximately 8% ownership in a recent regulatory filing.
Disney's significant investment in Epic Games could be seen as a strategic move to strengthen its position in the gaming industry, potentially boosting investor confidence and positively impacting its stock price in the short term.
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