10-06-2004, 10:11 PM
According to Noel Boeke, counsel for CrossGen in its bankruptcy proceedings, the former publisherâs assets were sold yesterday to Cal Publishing Inc.
According to Boeke, Cal Publishing, Inc. offered the high and best bid of $1 million for the assets of CrossGen and CrossGen IP and CrossGen technologies. The company is an indirect subsidiary of Disney, according to Boeke.
The next step in CrossGenâs proceedings comes Friday with a hearing at 2:00pm when the judge will consider whether or not to approve the sale. If the sale is approved, the deal with Cal Publishing must be closed, and afterwards, the bankruptcy trustee would distribute the money CrossGenâs creditors.
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Given that Cal is a publishing company (with the clout of the big D behind them somewhere) hopefully this is a good sign for all those fans of CG characters out there
According to Boeke, Cal Publishing, Inc. offered the high and best bid of $1 million for the assets of CrossGen and CrossGen IP and CrossGen technologies. The company is an indirect subsidiary of Disney, according to Boeke.
The next step in CrossGenâs proceedings comes Friday with a hearing at 2:00pm when the judge will consider whether or not to approve the sale. If the sale is approved, the deal with Cal Publishing must be closed, and afterwards, the bankruptcy trustee would distribute the money CrossGenâs creditors.
~~~~~~~~~~~~
Given that Cal is a publishing company (with the clout of the big D behind them somewhere) hopefully this is a good sign for all those fans of CG characters out there
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