Pokémon Company International has an issue with the Alliance Entertainment purchase of Diamond Comic Distributors
Earlier today, news broke that Diamond Comic Distributors had been purchased by Alliance Entertainment as part of its Chapter 11 bankruptcy. We said in that article there was a long way to go before the matter was settled and there’s already been objections. First there was issues with folks who Diamond leases space from and late this afternoon Pokémon Company International submitted a response.
In the response, we learned that Alliance Entertainment wasn’t not the “successful bidder” and instead were selected. From that it sounds like someone bid higher than Alliance.
Pokémon Company International is looking for the reason as to why Alliance was chosen and “satisfies the adequate assurance requirement.” The company of the popular property and card game, one of the highest creditors to Diamond, is objecting to the terms of sale unless this information is released and satisfactory to Pokémon.”
According to earlier filings, Diamond owes the company $280,375.
Guess Diamond didn’t catch em all? The saga continues.
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