US EditionDiamond Comic finds new buyer amid legal battle
- On April 30, 2025, the bankruptcy court in Hunt Valley authorized the sale of Diamond Comic Distributors' assets to the backup bidders Universal Distribution and Ad Populum.
- This decision followed the collapse of the original $85 million Alliance Entertainment deal due to litigation and fraud allegations involving withheld information.
- Universal will acquire Alliance Game Distributors and several Diamond divisions for about $49.6 million, while Ad Populum will buy Diamond Comic Distributors and related assets for approximately $7.5 million.
- Robert Gorin, Chief Restructuring Officer at Diamond, emphasized that their main focus throughout this process has been to reduce any interruptions affecting publishers, retailers, staff, and fans of comics and games around the world.
- The sale is expected to close by May 14, 2025, and may reshape the comic distribution market while resolving a contentious, complex bankruptcy auction.
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BUSINESS: Court Approves Universal Distribution LLC and Ad Populum Bid to Acquire Diamond Comic Distributors and Related Assets — Major Spoilers — Comic Book Reviews, News, Previews, and Podcasts
Diamond Comic Distributors announced that the United States Bankruptcy Court for the District of Maryland has approved a combined bid by Universal Distribution LLC and Ad Populum to acquire the assets of Diamond Comic Distributors.
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