The U. S. Bankruptcy Court for the District of Maryland has approved a combined bid by Universal Distribution and Ad Populum to acquire the assets of the bankrupt Diamond Comic Distributors.

The revised offer puts the combined bid at approximately $49.6 million, a total that could drop if some special provisions kick in. Under that agreement, Universal will acquire the assets of Alliance Game Distributors for about $42.1 million, and Ad Populum will pay $7.5 for the assets of Diamond Comic Distributors, Diamond Book Distributors, Diamond Select Toys & Collectibles, and the Collectible Grading Authority.

The deal follows a remarkable amount of turmoil for a bankruptcy proceeding. Universal and Ad Populum had initially filed a joint bid for $69.1 million for all of Diamond’s assets with the exception of Diamond UK—an offer that was topped by Alliance Entertainment, whose offer eventually reached $85 million. Diamond accepted, and then rescinded, its agreement with Alliance, saying it favored the Universal/Ad Populum offer, only to reverse course and once again accept the Alliance bid.

That deal fell apart in late April when Alliance terminated its agreement, charging that Diamond had mislead the company in not revealing that it had lost the distribution business of one of its biggest vendors, Wizards of the Coast. Alliance then filed a lawsuit charging Diamond with fraud and seeking $8.5 million in damages.

In a motion connected to the new agreement, Diamond asked the bankruptcy court to approve the deal quickly, possibly within a few days and no later than May 14. Alliance attempted to to block that deal, objecting to the request for a quick close by explaining that its preliminary analysis of the bid suggested that the value of the new offer didn’t exceed that of its own. The court denied the request and approved the new agreement with Universal/Ad Populum.

"We are pleased that the court has approved Universal and Ad Populum’s combined bid,” said Diamond Chief Restructuring Officer Robert Gorin, in a statement. “Our priority during this process has been to minimize disruption to publishers, retailers, our employees, and comic and games fans everywhere.”

This story has been updated with further information.