In the continued saga of Diamond Comics’ bankruptcy, on Thursday top bidder Alliance Entertainment terminated their purchase agreement to acquire the company’s assets, according to an SEC filing Earlier this month, Alliance had sued Diamond after the comics company chose to sell to the backup bidders, Universal Distributors and Ad Poplum, after first agreeing to sell to Alliance. Soon after, a judge approved the sale to Alliance and Alliance dropped their suit. Alliance did not specify a reason for terminating the agreement. Diamond did not announce the new purchaser, saying only that it had “pivoted to alternative, exceptionally well-known purchasers […]
