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Episode 26: Marvel
Acquired
Marvel, DC Comics, and the Comic Book Bubble
In 1996, Marvel filed for bankruptcy. Carl Eichen takes notice and his firm starts buying up some of the debt that Marvel had with private companies if you have debt that often trades. The not so charitable term for this in the industry is loan to own or comic book villain. In early 1997, the court rules that Carl Eichen can indeed take control of the company and he does. It honestly sounds like a Lex Luthor move.
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