Correct. I think I remember reading you could've bought it for like $3M or $5M at one point, they were so desperate. Can you fucking imagine!
Back in the day here, I would see the Marvel logo marking their offices above a Mercedes dealership on Beverly Blvd. I always thought it was so cool and wondered what went up there, like a star struck little kid. Then I read about how it was complete disarray, infighting, teetering on the bring of bankruptcy, and so on.
I know people always look back and say, oh if I had some money or whatever. But I've always been in love with Marvel since as far as I can remember. If I had been like some internet gazillionaire back then, I 100% would've acquired Marvel for $10M, $20M, whatever. I knew at some point they'd make something out of Spiderman for sure, but Guardians I would've sold off for $10 bucks, I admit.