Judge Delays Decision on The Onion's Bid to Acquire Infowars
A federal bankruptcy court will review the auction process and objections in December before deciding the fate of Alex Jones' media company.
- The Onion won a bid to purchase Alex Jones' Infowars in a bankruptcy auction but must await a December court hearing for final approval.
- The satirical news site plans to transform Infowars into a parody platform targeting conspiracy theorists and internet personalities.
- The auction process is under scrutiny, with Jones and the losing bidder, First United American Companies, alleging unfair practices and collusion.
- The Onion's bid, valued at $7 million with support from Sandy Hook families, was deemed superior to First United's $3.5 million cash offer by the auction trustee.
- Elon Musk's X has filed objections to the sale of Infowars' social media accounts, claiming they are the property of X and cannot be transferred.