Walt Disney (DIS) Bids For Character.AI, Is The 13% Discount Enough?

Walt Disney (DIS) is back in the spotlight after bidding US$20 million for a non exclusive, perpetual license to Character.AI’s technology and offering roles to most of its engineers. Recent trading suggests momentum around Walt Disney is picking up, with a 30 day share price return of 4% and an 11.64% gain over 90 days, even though year to date share price performance is still slightly lower and the 1 year total shareholder return is roughly flat. Investor interest has been stirred by the...