The Onion’s Attempt to Purchase Alex Jones’ Infowars Denied by Bankruptcy Judge

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A bankruptcy judge denied The Onion’s parent company bid to purchase Alex Jones’ media empire, including Infowars, ruling that the auction process was unfair. The judge stated that The Onion’s bid was not the best and that a new auction may be held. The trustee overseeing the auction was criticized for not running a transparent process and not allowing a rival bidder associated with Jones to improve their bid. The ruling puts on hold Global Tetrahedron’s plans to change Infowars’ content from conspiracy theories to satirical humor. The Global Tetrahedron bid included $1.75 million in cash and a noncash pledge from Sandy Hook shooting victims’ families. Another bidder offered $3.5 million in cash. The assets being sold off in bankruptcy include intellectual property, production equipment, and inventory from Jones’ nutritional supplements business. Jones is in bankruptcy due to owing $1.2 billion to Sandy Hook victims’ families for falsely claiming the shooting was a hoax. This story is still developing, and updates are expected.

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