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.

  • ECB@feddit.org
    link
    fedilink
    arrow-up
    1
    ·
    1 month ago

    He’s useful to the orange man… unfortunately that might be enough