Former CEO Bob Iger Buys Stock in Funko, Becomes Advisor to the Board

When former CEO Bob Iger retired as Chairman of the Board at Disney, his final position within the company, he discussed focusing on personal investments for the future. It seems his latest venture has brought him to the toy industry, as he teamed up with eBay and others to purchase 25% of stock in Funko.

Under the Funko umbrella are the popular (and often Disney-related) Funko POP! vinyl figures and Loungefly bags.

Iger purchased the stocks in partnership with sports agent Rich Paul, eBay, and the Chernin Group. The large percentage entitles the Chernin Group to two board members. CEO Peter Chernin joins Bob Iger as an advisor to the Board at Funko.

Since the news broke, shares of Funko have risen over 20%.

Source: CNBC

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