Court Hearing to Approve Diamond Comic Distributors Bid Set for Monday

HUNT VALLEY, Md.--(BUSINESS WIRE)--Diamond Comic Distributors (“Diamond” or “the Company”), today announced that it is continuing to finalize documentation for the sale of the assets of Diamond Comic Distributors, Alliance Game Distributors, Diamond Book Distributors, Diamond Select Toys & Collectibles, Collectible Grading Authority, and other related assets. The United States Bankruptcy Court for the District of Maryland has scheduled a hearing for Monday, April 7, to consider Diamond’s request for the approval of the sale. All divisions of Diamond will continue to operate in the ordinary course as the process continues. Diamond’s U.K. business operations are not included in the proposed sale and continue to operate business as usual as well.

“We continue to work diligently with our legal and financial advisors to pursue the best path forward for the company and are pleased with the strong interest in Diamond’s assets throughout this process. Our priority as we confirm a buyer remains minimizing disruption to publishers, retailers, our employees, and comic and games fans everywhere. We will continue to provide updates as the process continues,” said Diamond Chief Restructuring Officer Robert Gorin.

About Diamond Comic Distributors
Founded in 1982, Diamond Comic Distributors offers a multi-channel platform of publishing, marketing, and fulfillment services, coupled with an unparalleled global distribution network for its retailers, publishers and vendors. Diamond’s mission is simple: to provide our customers the best in products, price and personalized service. Learn more at https://www.diamondcomics.com/