
On March 19th, the court order was handed down, matching the initial date for submitting bids on Diamond’s possessions. Universal Distribution has put forward a preliminary bid of $39 million for Alliance Game Distributors and Diamond UK, establishing a starting point for other potential buyers. Other bidders must top this offer with a minimum bid of $40,865,000, which includes a 3% break-up fee, covered expenses, and an extra $500,000. If Universal’s bid is successful, it intends to acquire Diamond UK by purchasing the assets (excluding liabilities), minus £200,000.