Bankruptcy judge rejects The Onion’s bid to buy Alex Jones’ Infowars
SUMMARY
A bankruptcy judge has rejected The Onion’s parent company, Global Tetrahedron’s, bid to purchase Alex Jones’ Infowars empire, including its website, production equipment, and assets from Jones’ nutritional supplements business. The bid, valued at $7 million, was ruled unfair after a two-day hearing. U.S. Bankruptcy Judge Christopher Lopez stated that Global Tetrahedron’s offer, consisting of $1.75 million in cash and a pledge by Sandy Hook shooting victims' families to forgo proceeds, was insufficient. Lopez said, “I don’t think it’s enough money,” and criticized the process, stating that the auction “wasn’t transparent” and failed to allow a rival bidder to improve its offer. The decision delays Global Tetrahedron’s plans to transform Infowars from promoting news stories into satirical content. The auction results are tied to Jones’ $1.2 billion defamation liability from claims he made about the 2012 Sandy Hook shooting.
