Check Out Former Disney CEO Bob Iger's Latest Business Deal

Bob Iger may have stepped down as CEO of the Walt Disney Company, but he’s still been pretty busy in his retirement!

We recently reported that Iger had joined the board of directors for tech company Genies Inc., and now he’s making an investment in another (not tech!) company.

CNBC reported that Bob Iger is partnering with a consortium to acquire a 25% stake in Funko, a $263 million investment. You may already know that Funko is the toy company behind the popular collectible Funko POP figurines.

In addition to Iger, the buyers include eBay, the Chernin Group, and sports agent Rich Paul, and eBay will become a secondary market for Funko items.

I’m a big fan of ⁦@OriginalFunko⁩ and I’m excited to join the team! https://t.co/gvAp4BRyuK

— Robert Iger (@RobertIger) May 5, 2022

The Chernin Group produces TV and film titles such as New Girl and The Greatest Showman, and Rich Paul is the CEO of Klutch Sports Group. He also represents LeBron James!

As part of the deal, Bob Iger and CEO Peter Chernin will be advisors to Funko’s Board of Directors, and the Chernin Group will also be adding two directors to the board.

According to Chernin, “Funko is significantly undervalued in the public markets” and “there are many areas of identifiable growth” that should lead to increases in Funko’s performance, while eBay Chief Business and Strategy Officer Stephanie Jay said that “Funko sits at the intersection of pop culture, passion, and collectibles.”