From Autumn 1995... When Worlds Collide: Marvel merges the MALIBU ULTRAVERSE.
Malibu had been knocking around for a few years publishing under a variety of imprints (including Eternity and Adventure) when they were unexpectedly thrust into the big time when they signed-up to provide professional services for the launch year of Image Comics. That arrangement didn't last long but once Malibu realised that the market for alternative superhero books was booming, they decided they wanted to hang into their slipped of the action.
The result was the ULTRAVERSE, a made-for-the-mainstream new universe which dodged the issue of all the top artists either defecting to Image or signing exclusive contracts with the existing publishers by being a "writer's universe".
The line encountered some early success and even signed some pretty impressive media deals (for the NIGHT MAN live-action show and ULTRAFORCE cartoon) but started to struggle when the industry plunged into recession in late 1993. The owners looked for a White Knight buyer and came very close to brokering a deal with DC Comics. Marvel got wind of the deal and feared the deal would catapult their rival to the top in
terms of market share. That put their share price under threat and the whole highly leveraged house of cards in danger of collapse.
So they swooped in and snapped up their one time rival (DC swallowed Wildstorm instead) and soon went about cutting cost out of their West Coast operation and integrated the spoils of their conquest with the existing Marvel line. The results were Black September and the New World Order reboot.
The move was not a hit with fans of either line and Marvel, mired in financial problems, soon shuttered the whole Ultraverse operation (but not before using the Malibu tie-up to secure a new licencing deal with Paramount Pictures through their Trek license). Fuzzy ownership, and financial penalties, have placed the characters out-of-bounds ever since.
This scans are from a shop giveaway published by Marvel to promote the reboot,