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$DIS said it is acquiring a 33% stake in BAMTech, a technology services and video streaming company, to grow its video-delivery platform. Disney will pay $1Bil in two installments, now and in January 2017, and has the option to acquire majority ownership in the coming years.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.