Last week, Bleeding Cool reported court filings in the Chapter 11 bankruptcy proceeding of Diamond Comic Distributors that detailed the purchase by the now-winning bidders, Universal Distribution and Ad Populum/Sparkle Pop That Universal will pay almost $50 million plus or minus a few other factors, and would own Diamond's Alliance Game Distributors, with a separate[...]
Ad Populum Archives
Universal Distribution, along with Ad Populum, may also be back in the game.
Earlier this year, Diamond Comic Distributors, a stalwart distributor of comics to the direct market, declared Chapter 11 bankruptcy after a tumultuous half-decade On the 24th of March, the bankruptcy auction process initially selected Alliance Entertainment as the successful bidder of the Diamond-associated[...]
This hearing, set for the 27th of March before Judge Rice in Baltimore, will determine the final approval of the sale.
In addition to Alliance Entertainment's designation as the successful bidder, a combined bid from Universal Distribution and Ad Populum was selected as the back-up bid, providing a fallback option should the primary transaction falter[...]