The US Bankruptcy Court for the District of Maryland approved the sale of Diamond Comics’s assets to bidders Universal and Ad Populum. Subject to final closing, Universal will acquire “the assets of Alliance Game Distributors, and Ad Populum will acquire the assets of Diamond Comic Distributors, Diamond Book Distributors, Diamond Select Toys & Collectibles, Collectible Grading Authority, and other related assets.” Diamond UK “remains separate from this sale process.” The combined price is around $57 million, far lower than the top bid entered by Alliance Entertainment, which was reportedly upwards of $72 million. The approval follows an unusual bankruptcy process […]
