The Chernin Group, a multi-stage investment firm, and eBay agreed to acquire a 25% stake in Funko, a pop culture consumer products company, from ACON Investments, an international private equity investment firm, for $263m. "We believe Funko is significantly undervalued in the public markets and at this highly attractive entry price provides a runway of opportunity and growth potential. There are many areas of identifiable growth across content, commerce, marketplaces, consumer products and technology that should drive substantial increases to Funko's performance," Peter Chernin, TCG Co-Founder and Partner.