Why Funko stock is rallying today

Yahoo Finance's Brian Sozzi discusses a new investment into Funko that is pushing the stock higher.

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BRIAN SOZZI: Now before we head to break, we are watching shares of Funko, which is lighting up our trending ticker page and has been all morning. See the shares in the green, bucking the sell-off. So ask yourself why. Well, I'll tell you right now. The company revealed a new $263 million strategic investment from TCG and former Disney CEO Bob Iger. A source tells me the investment removes a major overhang on Funko shares. We'll chat exclusively with Funko CEO Andrew Perlmutter at about 11:40 AM, so we'll make a note and, well, save it.