Company linked to Alex Jones doubles offer to buy Infowars after failed bankruptcy auction
Company linked to Alex Jones doubles offer to buy Infowars after failed bankruptcy auction
A company linked to conspiracy theorist Alex Jones is now offering over $7 million to buy his Infowars platforms as part of Jones' bankruptcy.
Summary
A company tied to Alex Jones, First United American Companies, has increased its offer to over $7 million to purchase Infowars, doubling its previous bid after a December bankruptcy auction was voided.
The sale is part of Jones’ bankruptcy following defamation judgments totaling $1.5 billion over false claims about the Sandy Hook shooting.
Proceeds from the sale will mostly benefit Sandy Hook families.
The Onion's parent company, Global Tetrahedron, is also expected to submit a revised bid.
The court will decide on the next steps in the sale process.
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If this company that's tied to the bankrupt individual has money to bid, does that mean that money is already part of the bankruptcy proceedings and if not, why not?
It's "linked" in the sense that it licenses Alex Jones' name, but with the intent to sell supplements. It would then be promoted on the show, paid for as if it were a sponsorship, but it wasn't actually "his" company. It's technically owned by a different person, and isn't directly financially tied to Infowars, only paying for product placement.
If I recall correctly, it's owned by a friend of Jones.
I thought it was owned by Jones' father.
That's just a fucking cartel with extra steps.
Tied to can have a very loose definition when it comes to making headlines.
That said, I have no doubt that the lawyers and courts have plenty of interest in finding a way to keep the show in his hands somehow.