First United American Companies, a firm linked to Alex Jones, has significantly increased its bid for Infowars to over $7 million, more than doubling its previous offer. This follows a voided auction where The Onion’s parent company, Global Tetrahedron, had initially won with a lower bid. The trustee overseeing Jones’ bankruptcy will now evaluate both the new offers from First United American and the expected renewed bid from Global Tetrahedron. The sale proceeds will primarily benefit the Sandy Hook families awarded damages in defamation lawsuits against Jones. The future of Infowars and the specifics of the sale process remain undetermined, pending court approval.
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A bankruptcy judge rejected The Onion’s parent company, Global Tetrahedron’s, winning bid for Alex Jones’ Infowars, citing an insufficient bid and lack of transparency in the auction process. The judge ruled that the $1.75 million cash bid, combined with creditor concessions valued at $7 million, was less favorable than a rival bid of $3.5 million in cash. The decision leaves the future of Infowars uncertain, with the possibility of a new auction to determine the buyer of Jones’ assets, which are being sold to satisfy a $1.2 billion judgment. The judge did not fault the trustee, but criticized the process as insufficient in ensuring a maximized sale.
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X, owned by Elon Musk, is unprecedentedly intervening in the bankruptcy sale of Alex Jones’ Infowars, contesting the transfer of Jones’s X accounts. This action directly contradicts X’s terms of service prohibiting account sales and marks a departure from typical social media company practices. Legal experts note this is the first instance of a platform publicly challenging account ownership transfer in court, raising concerns about the platform’s future as a marketplace of ideas. The intervention, praised by Jones, may reflect Musk’s personal views and a strategic move to set a legal precedent.
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Following a bankruptcy auction, a federal judge is considering whether to approve the sale of Alex Jones’s Infowars to The Onion, despite a competing bid from a Jones-affiliated company claiming a higher cash offer. The judge will hold an evidentiary hearing to assess the bankruptcy trustee’s decision-making process, specifically regarding the selection of The Onion’s bid, which included a revenue-sharing agreement with Sandy Hook victims’ families. The hearing will determine whether the sale proceeds, intended to satisfy defamation judgments, will be approved, another auction held, or further hearings conducted. The Onion’s bid, while lower in cash, was deemed by the trustee to benefit creditors more, prompting the legal challenge.
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A Texas bankruptcy judge ordered an evidentiary hearing to review the sale of Infowars to The Onion, citing concerns about the auction process’s transparency. Alex Jones, Infowars’ founder, claims the sale was rigged and that lawyers for X (formerly Twitter) are involved, a claim seemingly supported by Jones’s statements about Elon Musk’s involvement. Despite the judge’s concerns and The Onion’s assertion that they won the bid, Infowars’ website briefly returned online with Jones declaring victory. The hearing will determine the sale’s validity, with the outcome impacting both Jones’s future and the planned satirical relaunch of Infowars by The Onion.
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Satirical news outlet The Onion has acquired Infowars, the right-wing disinformation platform owned by Alex Jones, following a court order to auction off Jones’ assets to compensate families of Sandy Hook victims. The Onion intends to replace Infowars’ harmful content with humor, aiming to dismantle the platform’s legacy of spreading misinformation and exploiting tragedy. Jones has reacted angrily to the news, falsely claiming that the acquisition is being carried out by “imperial troops” while simultaneously promoting his alternative platforms. This acquisition represents a significant victory for the families of Sandy Hook victims and a step towards limiting Jones’ harmful influence.
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The satirical news website The Onion has won the bankruptcy auction for control of Alex Jones’ media empire, including the far-right conspiracy website Infowars. The Onion plans to shutter Jones’ platform and rebuild it with its own humor writers, effectively ending Jones’ ability to spread harmful conspiracy theories. This move, supported by families of Sandy Hook victims who Jones defamed, aims to hold Jones accountable for his actions and prevent further harm. The sale of Infowars comes after Jones was found liable for defamation and ordered to pay nearly $1.5 billion in damages to the families.
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I can’t contain my excitement at the news that a judge is set to approve auctions liquidating Alex Jones’ Infowars to help pay the Sandy Hook families. It’s about time that justice catches up to someone like Jones, who has shamelessly exploited and profited off of people’s vulnerabilities and tragedies. The fact that Erica Lafferty has had to struggle to pay for cancer treatment while Jones flaunted his wealth is simply infuriating.
I applaud the decision to auction off Infowars assets and hold Jones accountable for his actions. It’s a small step towards ensuring that those who spread lies and misinformation for personal gain face consequences.… Continue reading
I have been following the news closely, eagerly awaiting the day when the bankruptcy trustee would finally disclose the plan to shut down Alex Jones’ Infowars and liquidate his assets. I cannot express the sense of satisfaction and relief I felt when I read that justice might finally be catching up to this purveyor of dangerous misinformation and conspiracy theories.
It’s about time that someone took a stand against Alex Jones and his toxic brand of fear-mongering. For too long, he has spewed lies and deceit, profiting off the pain and suffering of others. The fact that Infowars was ever considered an asset is mind-boggling to me.… Continue reading
I recently came across some news that caught my attention – a judge approving the liquidation of Alex Jones’ personal assets to pay Sandy Hook victims’ families. As I delved deeper into the details, I was both shocked and relieved by the outcome. To think that someone could spread lies and conspiracy theories, enriching themselves in the process, while causing immeasurable harm to the families affected by the Sandy Hook tragedy is beyond comprehension.
The fact that Jones used his media platform, InfoWars, to poison public discourse with falsehoods is despicable. The pain and suffering he has caused to those who lost loved ones in such a tragic event is inconceivable.… Continue reading
John Q. Hosedrinker