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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A US judge is currently deciding the fate of The Onion’s acquisition of Infowars, a deal that has sparked considerable debate. The sale resulted from a bankruptcy auction, with The Onion emerging as the winning bidder. However, Alex Jones and an associated company are contesting the sale, alleging fraud and collusion in the process. This argument, coming from a party that previously moved assets to circumvent bankruptcy proceedings, casts doubt on the credibility of their claims.
The judge’s role, central to the controversy, is to determine if the sale serves the best interests of creditors, according to bankruptcy law. This legal framework is crucial, directing that disputes are handled through neutral arbitration to ensure fairness.… Continue reading
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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X Corp., Elon Musk’s firm, filed a notice of appearance in Alex Jones’ Infowars bankruptcy case, requesting all relevant documents. This follows concerns raised by a Texas judge regarding the transparency of the auction process, which saw The Onion declared the winning bidder alongside Sandy Hook families. The judge’s concerns prompted a new hearing to address potential irregularities. X Corp.’s intentions remain unclear, though the filing suggests they are an interested party. The Onion’s CEO has dismissed Jones’ claims that the auction was overturned.
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Fox News mistakenly reported The Onion’s satirical claim of having 4.3 trillion daily readers as factual news, both on-air and in a written article. This occurred during a segment about Alex Jones’ Infowars sale to The Onion, highlighting the network’s failure to recognize the satirical nature of the claim, found on The Onion’s “About” section. The error prompted widespread ridicule on social media, with users pointing out the absurdity of the figure and the network’s journalistic lapse. To date, Fox News has not corrected the error.
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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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John Q. Hosedrinker 
Matt Underwood