Bob Iger, eBay, sports agent Rich Paul, Chernin Group team up to buy 25% stake in toy maker Funko

A group of people, including a former Disney CEO, are buying a 25% stake in a toy maker.

The investment means that two directors will be added to the board. Peter and Iger will serve as advisors to the board.

After hours, shares of Funko jumped more than 20% to around $21 per share, after they were initially halted on the news.

There are many areas of identifiable growth across the company.

In addition to his investment business, Chernin produces television and films through his company.

Iger is well-known in the entertainment industry for leading the charge at Disney to acquire Pixar, Marvel, Lucasfilm and, most recently, 20th Century Fox. Many of the characters from the franchises can be found in the product line.

Paul, the founder and CEO of Klutch Sports Group and head of sports at United Talent Agency, is expected to bring his expertise in the sports and music sectors to help advance the product expansion of Funko. He is a representative of James.

eBay will become the preferred secondary market for Funko products as part of the investment. They will team up for exclusive product releases.

"Funko sits at the intersection of pop culture, passion and collectibles, with one of the most engaged communities of enthusiasts." said eBay chief business and strategy officer,Stefanie Jay, in a statement.