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Court Steps In: A Closer Look at the Onion's Purchase of InfoWars
USAFriday, November 15, 2024
The only other bidder for InfoWars was First United American Companies, a firm linked to one of Jones's product-selling websites. Their lawyer highlighted issues with the auction process, noting that no bidding round was held on Wednesday, and only sealed bids submitted the previous week were considered. However, the trustee in charge of the auction defended his actions, claiming he followed the judge's guidelines from a September order, which made the overbidding round optional.
The exact amount the Onion offered for InfoWars is unknown, but it's reported to be less than First United American's $3. 5 million bid. The Onion's offer was preferred because some families affected by the Sandy Hook shooting, to whom Jones owes $1. 4 billion in defamation judgments, agreed to waive a portion of the sale proceeds to help pay off Jones's other creditors.
If the sale goes through, the Onion plans to revamp the InfoWars website with internet humor writers and content creators. This move has garnered support from some Sandy Hook families, who hope it will help in paying off a portion of the massive judgments against Jones.
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