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Today
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 …
Deal of the Day
Pulitzer Prize-winner Leonard Pitts Jr.'s THE ANGRY HOUSE, about a traumatized, sentient, and psychokinetic former slave cabin on the grounds of a onetime plantation being turned into a destination resort for wealthy tourists, and the young Black groundskeeper who is the one person who can somehow hear the house, which warns him that, if the Dionysian opening celebration planned by a dotcom billionaire and despicable political aspirant goes ahead … read more
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