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Disney is looking to invest in startups

Okay, startups. What do you want from one of the biggest media companies in the world: Money, advice or a foot in the door?

Walt Disney wants to offer all of the above, via an "accelerator" program it is launching with Techstars this summer. The basics: Disney and Techstars will invest up to $120,000* in each of 10 startups, and offer access to a slew of Disney's top executives, including CEO Bob Iger.

Read the whole story at Re/code here.

By Peter Kafka, Re/code.net.

CNBC's parent NBC Universal is an investor in Re/code's parent Revere Digital, and the companies have a content-sharing arrangement.

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