Bankruptcy judge rejects The Onion's bid for Infowars
Автор: NEWS TODAY
Загружено: 2024-12-11
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Bankruptcy judge rejects The Onion's bid for Infowars
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A bankruptcy judge has rejected The Onion's bid for Alex Jones' Infowars show, citing a lack of transparency, an uneven playing field, and insufficient value maximization for creditors.
The judge expressed concerns about the process used for the auction, which included the cancellation of a live auction in favor of sealed offers.
The Onion's offer of $1.75 million cash, plus a sweetener valued at $7 million, was deemed too low by the judge, who concluded that the trustee should have pursued a higher offer.
Jones, who faces billions in damages from defamation lawsuits related to his false claims about the Sandy Hook school shooting, celebrated the decision as a victory.
The losing bidder, First United American Companies, had offered $3.5 million. The trustee has been directed to sell Infowars in a manner that generates more revenue.
The judge's decision means Jones can continue broadcasting under the Infowars name for now. However, the fate of his social media accounts remains uncertain.
The decision has been met with disappointment from the families of Sandy Hook victims, who vow to continue holding Jones accountable.
Experts express shock and disappointment over the judge's decision, which they believe has prioritized Jones' interests over those of his creditors.
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