Alliance Entertainment Holding Corporation has announced that it has been selected as the winning bidder to acquire substantially all of the assets of Diamond Comic Distributors after Chapter 11 bankruptcy proceedings. Alliance Entertainment is a global distributor and wholesaler specializing in music, movies, video games, electronics, arcades, and collectables. The proposed acquisition, which is subject to Bankruptcy Court approval, includes Diamond Comic Distributors (U.S.), Alliance Game Distributors (no relation), Diamond Select Toys & Collectibles, and Collectible Grading Authority. No mention of Diamond UK, Diamond Select Toys, FandomWorld, Gentle Giant or Free Comic Book Day. I am hearing that there were multiple competitive bids and that the price Alliance paid was significantly more than anyone anticipated, which should be good news for publishers.