The auction result is pitting the satirical news company, which is supported by Sandy Hook families, against First United American Companies, an LLC backed by Jones.

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.

  • Kalysta@lemm.ee
    1·
    17 days ago

    And, like twitter, promptly destroy the site.

    Musk is shit at social media and I can’t see him and Jones getting along long enough to make this purchase profitable.