Alliance Entertainment Wins Bid to Acquire Diamond Comic Distributors, Stock Gains

Alliance Entertainment Holding Corporation (AENT) is set to expand its market presence by acquiring most of Diamond Comic Distributors' assets. Pending Bankruptcy Court approval, this acquisition will enhance Alliance's reach in the $50 billion collectibles market, connecting with over 5,000 retail outlets and partnering with major names like Dungeons & Dragons and Pokémon.