Bankruptcy judge rejects The Onion's bid to buy Alex Jones' Infowars
Bankruptcy judge rejects The Onion's bid to buy Alex Jones' Infowars
The ruling dashed, at least for now, the plans of The Onion’s parent company to take over Infowars and radically shift its content.
A bankruptcy judge on Tuesday rejected a bid by The Onion’s parent company to buy Alex Jones’ far-right media empire, including the website Infowars, ruling that the auction process was unfair.
U.S. Bankruptcy Judge Christopher Lopez said after a two-day hearing that The Onion’s parent company, Global Tetrahedron, had not submitted the best bid and was wrongly named the winner of an auction last month by a court-appointed trustee.
“I don’t think it’s enough money,” Lopez said in a late-night ruling from the bench in a Houston court. “I’m going to not approve the sale.”
“I don’t think it’s enough money,” Lopez said in a late-night ruling from the bench in a Houston court. “I’m going to not approve the sale.”
Who gives a shit if "you don't think it's enough money." An offer was made by The Onion and accepted by the seller. What YOU want has fark-all to do with anything.
Wouldn't the sale of the company go directly to what he owes the people? If so I doubt the seller cares what it's sold for, but the judge may think it's unfair to settle that low so that the people can get more possibly? I also could be wrong and that's not were the money goes? Just seemed like that's what this is for. I doubt they will get much more after things are sold either.
This is the most upsetting, and most literal, instance of "not the onion"
capitalism my ass
If they put the biggest bid in then surely it's enough money? How come some random guy gets to decide not 🥴the free market🥴
They didn't put in the biggest bid. They put in a bid that was a smaller amount of cash bundled with a waiver from the Sandyhook families that were to get a damages payout that they forgo their damages claim.
The third party evaluating the bids decided this was a better deal for Infowars' creditors, as that meant more of the bankruptcy money would be going to them, so that's why it was chosen.
The Onion’s parent company is called “Global Tetrahedron” lmao
Again? Still?
They used sealed bids, that's okay when the value of something is known, but for a "one of a kind" conspiracy theory website that doesn't seem like the best method to me.