Summary

A federal judge has delayed approving the sale of Alex Jones’ media company, Infowars, to The Onion, amid disputes over the auction process.

The Onion won with a $1.75 million bid supported by Sandy Hook families, who agreed to forego their share of sale proceeds for future revenue from a revamped Infowars, enabling other creditors to collect more.

However, a competing bidder backed by Jones, First United American Companies, contested the sale, claiming its $3.5 million bid was unfairly rejected.

The judge plans an evidentiary hearing to ensure transparency.

  • TwitchingCheese@lemmy.world
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    15 hours ago

    You’d think if Jones pulled together 3.5 million to bid indirectly through a shell company for his own bankruptcy they’d just you know… take that money and give it to his creditors then continue with the sale since it’s still not enough…