It was only ever a brand.
The company that owns Raleigh (and Haibike and Ghost) just sold off Diamondback (and Redline BMX and iZip). DB’s new owners are also Mavic’s new owners. I’m not sure what’s going on at Raleigh but DB has put out some excellent mountain bikes in the last few years. Not very zombie like at all. But they were losing money.
https://www.bicycleretailer.com/indu...s#.XX0McyVlDDt