Bankruptcy Court Nixes The Onion's Deal for Infowars
Thursday, December 12, 2024
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On Tuesday night, a bankruptcy judge decided not to approve The Onion's parent company's bid to buy Alex Jones' Infowars media empire. The judge, Christopher Lopez, felt the $1. 75 million cash offer wasn't high enough. The bid also included a non-cash part where some Sandy Hook families, who were victims of Jones' false claims, agreed to forgo their typical payout. A rival bidder had offered double the cash.
The judge thought the auction wasn't fair and transparent. He said the trustee should have given the rival bidder another chance to improve their offer. Now, it's up to the trustee to decide what happens next.
This ruling puts a pause on The Onion's plan to turn Infowars into a satirical humor site. Infowars is known for spreading conspiracy theories, and Jones owes $1. 2 billion to Sandy Hook families due to his false claims about the shooting.
