BREAKING NEWS (04/27/2005)... VALIANT SALE FINALIZED!

greg · Post by **greg** » Wed Apr 27, 2005 6:47:29 pm

VALIANT SALE FINALIZED
04/27/2005
According to information that I have received today, the Valiant and Acclaim characters
have been purchased. The winning bidders are Ashok Kothari, Jason Kothari,
and Chandra Shamdasani. Though this group was not the highest bidder in the
auction on April 12, 2005, the sale was not finalized until all terms and conditions
had been agreed upon by the bidding party and the bankruptcy court.
Those terms have been finalized today, and the paperwork has been completed.
This group has expressed an interest in bringing back the Valiant characters
as they were first envisioned during the early years of the comics.

UPDATE 04/28/2005
I have been informed that the Kothari-Kothari-Shamdasani group
is definitely not VIP LLC.

cinlach@aol.com · Post by **cinlach@aol.com** » Wed Apr 27, 2005 7:02:43 pm

WHAT THE *SQUEE*?!?!

so taddeo DIDN'T end up with the characters??

*SQUEE* it...this sucks sweaty donkey nuts.

dickybendy · Post by **dickybendy** » Wed Apr 27, 2005 7:04:17 pm

BWAAAAA?

daydreamscomics · Post by **daydreamscomics** » Wed Apr 27, 2005 7:04:24 pm

gambit_1 · Post by **gambit_1** » Wed Apr 27, 2005 7:21:52 pm

Does anyone know anything about these buyers and what they have planned?

jedimarley · Post by **jedimarley** » Wed Apr 27, 2005 7:24:30 pm

tssgery · Post by **tssgery** » Wed Apr 27, 2005 7:27:21 pm

The name "Shamdasani" sounds familiar...

Dino?

Any connection?

jedimarley · Post by **jedimarley** » Wed Apr 27, 2005 7:29:21 pm

tssgery wrote:The name "Shamdasani" sounds familiar...

Dino?

Any connection?

No?

Eric Jackson · Post by **Eric Jackson** » Wed Apr 27, 2005 7:35:51 pm

tssgery wrote:The name "Shamdasani" sounds familiar...

Dino?

Any connection?

i was just thinking the same thing.. hrmm

X-O HoboJoe · Post by **X-O HoboJoe** » Wed Apr 27, 2005 7:38:16 pm

Great, so now not only does he have half the Unity Reds, he's got the rights to the characters too.

Of course, if Dino is in on this somehow, then we're sure to see Magnus back in the fold in the future.

Eric Jackson · Post by **Eric Jackson** » Wed Apr 27, 2005 7:39:00 pm

I assume the issue still remains for the copyright or trademark or whatever of the names? Or is this the valiant group?

cinlach@aol.com · Post by **cinlach@aol.com** » Wed Apr 27, 2005 7:39:57 pm

i believe these are the VIP, LLC people...

my head hurts...

hulk181man · Post by **hulk181man** » Wed Apr 27, 2005 7:47:02 pm

I think you're correct. If this is the VIP group it actually simplifies things to a degree....

wrunow · Post by **wrunow** » Wed Apr 27, 2005 7:59:24 pm

Let's just wait a little and see what's up, I am sure the answers will all be available in the next few days.

andrew · Post by **andrew** » Wed Apr 27, 2005 8:07:32 pm

This whole ordeal makes so little sense.

COMICKINGS · Post by **COMICKINGS** » Wed Apr 27, 2005 8:27:03 pm

well I guess we now know why there was complete silence from Taddeo since it all went down. Can't wait to find out the background on the new owners.

dellamorte · Post by **dellamorte** » Wed Apr 27, 2005 8:35:31 pm

Ok this is starting to get interesting. Congrats to the new new owners, do us proud guys.

400yrs · Post by **400yrs** » Wed Apr 27, 2005 8:41:46 pm

I wonder what it was that the bankruptcy courts and Taddeo couldn't agree on. I'm guessing that these people are the third party and not VIP as they are not names that I recognize from any past incarnation of Valiant. Shamdasani.......what kind of a dork would have that last name?

Wonder if he'll still hook us up with Zoom Suit stuff?

Eric Jackson · Post by **Eric Jackson** » Wed Apr 27, 2005 9:04:12 pm

as it says in this article: http://www.newsarama.com/forums/showthr ... adid=32538

while they were not the "highest" bidder, they still bid the same amount of 925,000.

Daniel Jackson · Post by **Daniel Jackson** » Wed Apr 27, 2005 9:08:43 pm

Wow, this is all very strange. I thought all John had to do was wait for a few details to be worked out. What an odd turn of events.

tcolli · Post by **tcolli** » Wed Apr 27, 2005 9:10:52 pm

What the H E L L?

<img src='http://smileys.smileycentral.com/cat/36/36_1_42.gif' alt='Club' border=0>

ckb · Post by **ckb** » Wed Apr 27, 2005 10:09:56 pm

Well, I hate to say it, but I do know that Dino was in NY recently.

ZephyrWasHOT!! · Post by **ZephyrWasHOT!!** » Wed Apr 27, 2005 10:32:52 pm

Wellllllllll....I hate to say this publically, cause I like John, but...his vision of only publishing one book a year wasn't going to fly.

We'll see.

whetteon · Post by **whetteon** » Wed Apr 27, 2005 10:34:06 pm

mrwoogieman · Post by **mrwoogieman** » Wed Apr 27, 2005 11:10:57 pm

Maybe the fact that VIP had applications in for the trademarks was a tipping factor?....