TO Late AFTERNOON FILING IN THE DIAMOND BANKRUPTCY CASE suggests that the Court ruled for Alliance Entertainment’s $ 84 Million Bid Over The Combined Universal/Ad Populum Bid That Was please by diamond, In a Hearing That Began on April 7 and Ended on April 8. The News Was First Reported AT GRAPHIC POLY.
But ase could be More Challenges. And More Surprise Reveals. In the Philing – Which Covers an Extension of Time Allow for Creditors to Challenge The Purchase Agreement – It State:
WHENERAS, ON APIL 8, 2025, The Court Held A Continued Hearing (The “Sale Hearing”) On The Debtors ‘Motion for Entry of An Order (I) Approving the Sale of Substantially All of the Debtors’ Assets Free and Clear of Liens, Claims, Interests and Encumbrances (II) Approving the Assignment and Assignment of Execurity Contracts and Unexpired Leases; and (iii) Granting Related relief [D.I. 168]at which the court indicated that it was prepared to enter an order approving the sale of substantially all of the debtors ‘Assets to alliance entertainment, llc (the “comes out”), upon the debtors’ submission of a final of order and revised assets ma. Hearing;
As Before “Substantially All of Diamond’s Assets” Did Not include Diamond UK, which universal was trying to Buy Prior to the Bankruptcy Filings Even. But might is be included in the Amended Apa?
Also in A Case with This Many Twists and Turns, “A Final of Order and Revised Asset Purchase Agreement consistency with statements made on the record at the salt hearing” Might Just Be Legallese, But Could Also Mean More Changes to the Apa Apa from Alliance.
AT Any Rate, Comcis Industry Kremlinologists Will Now Back To The Interview with Alliance Chairman Bruce Ogilvie and scour it for clues to What Might Happen Next – and What Will Happen to the Comics Side of Diamond’s Business. It’s my understanding that many of diamond’s Biggest Creditors were Universal, which is Based in Montreal, you have long Been intersted in expanding into the US to Sell More Comics, Games and Toys. It appears that they will now have to find Different Way to Expond That Business.
