Diamond Comic Distributors has announced that the sale of the Company and its assets to Universal Distribution LLC and Ad Populum has been completed. Universal has acquired the assets of Alliance Game Distributors, and Ad Populum has acquired 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 approval of the sale of Diamond’s assets to Universal and Ad Populum was approved in early May.

This doesn’t end the drama that is Diamond’s Chapter 11 saga. The plan to pay creditors is still outstanding and there’s issues with leases that still need to be resolved as well.

We’ll keep following the situation with updates as they come in.