Disney, China to Invest $4.4 Billion in Shanghai Resort - Di

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Shares of Walt Disney Co. (DIS) are lower as Bloomberg reports that Disney and its state-owned partner will invest $4.4 billion building a resort in Shanghai, which would be Disney's second resort in that country.The Shanghai Disney Resort will reportedly open in about five years and be the first in mainland China. Disney shares are down 0.43%, or $0.18, to $41.86.

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