Funko, backed by Acon Investments LLC, has purchased Underground Toys Ltd. in a move to expand its global presence. Acon invested in the buyer in 2015.

Underground Toys, based in London and founded in 2001, makes toys and houseware products under the licensed Star Wars, Marvel, DC Comics and World Wrestling Entertainment Inc. (NYSE: WWE) brands. The target and Funko had a European distribution agreement since 2014.

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