Funko And Goliath Announce Global Deal; Goliath Acquired Assets Of Funko's Board Game Studio And Board Game Design Team; Financial Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Funko has entered into a global deal with Goliath, where Goliath will acquire assets of Funko's board game studio and design team. The deal includes Goliath becoming the exclusive worldwide distributor of Funko's games and puzzles, and involves an initial payment and future royalty payments to Funko. Financial terms of the deal were not disclosed.
January 17, 2024 | 9:17 pm
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Funko has made a strategic deal with Goliath for the distribution and development of its games and puzzles, including an initial payment and future royalties.
The deal is likely to have a positive short-term impact on Funko's stock (FNKO) as it secures an initial payment and future royalties, indicating a new revenue stream and a partnership that could enhance the company's market presence in the board game sector.
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