Judge Reviews The Onion's Bid to Acquire Alex Jones' Infowars
The satirical outlet plans to transform Infowars into a parody site as legal disputes over the bankruptcy auction process continue.
- A federal bankruptcy judge is considering whether to approve The Onion's $1.75 million bid to purchase Infowars, which outpaced a $3.5 million offer from a Jones-affiliated company due to creditor benefits.
- The Onion's proposal includes support from Sandy Hook families, who agreed to forgo immediate payments to ensure better returns for unsecured creditors.
- Jones and the backup bidder, First United American Companies, allege fraud and collusion in the auction process, claims that the bankruptcy trustee denies as baseless.
- If approved, The Onion intends to relaunch Infowars as a parody platform with reduced disinformation, while Jones has set up alternative platforms to continue his broadcasts.
- Jones is appealing defamation judgments totaling over $1.4 billion, with recent reductions in Connecticut lowering the amount by $150 million but upholding the majority of the penalties.