Judge Rejects Sale of InfoWars to The Onion
Oh, this seemed like it was a match made in heaven, but a bankruptcy judge has nullified the possible sale of Alex Jones’ InfoWars to satire giant, The Onion.
U.S. Bankruptcy Judge Christopher Lopez denied the sale.
The sale was nullified with Jones claiming the auction for his assets was loaded with collusion.
Not Yet
The Onion won the website, even agreeing to a stipulation since this was not actually the highest bid for the website.
The plan for the site was going to fit in with The Onion’s current business model.
Alex Jones and his conspiracy theories would be out, and The Onion was going to launch a parody in its place.
Lopez seemed to agree that the auction was flawed, saying it “left a lot of money on the table” for Jones’ victims.
The sale of Jones’ assets was going to help pay the settlement that was made with the victim's families of the Sandy Hook Elementary School shooting in 2012, which Jones initially claimed was a hoax.
The trustee who oversaw the action picked a $1.75 million offer from The Onion over a $3.5 million bid from First United American Companies, which runs a website for Jones that sells nutritional supplements.
The Sandy Hook families agreed to accept the bid on the contingency that the $750,000 that would have gone to them would go to other creditors in the case. That along with the idea that Jones would not still be involved was surely enough to seal the deal.
Ben Collins, CEO of The Onion, was obviously upset over the ruling, stating, "We will also continue to seek a path towards purchasing InfoWars in the coming weeks. It is part of our larger mission to make a better, funnier internet, regardless of the outcome of this case.
"We appreciate that the court repeatedly recognized The Onion acted in good faith, but are disappointed that everyone was sent back to the drawing board with no winner, and no clear path forward for any bidder. And for all of those as upset about this as we are, please know we will continue to seek moments of hope. We are undeterred in our mission to make a funnier world."
I don’t see why The Onion even needed that site, as it could easily launch its parody cited without the cost of all that overhead to secure the InfoWars domain.
Prior to the ruling, Jones stated, "I can't imagine the judge would certify this fraud.
"I mean it's head-spinning the stuff they did and what they claimed.”
Jones’ assets are being sold off to settle the $1.5 billion defamation suit.