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submitted 1 year ago* (last edited 1 year ago) by MicroWave@lemmy.world to c/news@lemmy.world

Summary

A federal judge has delayed approving the sale of Alex Jones’ media company, Infowars, to The Onion, amid disputes over the auction process.

The Onion won with a $1.75 million bid supported by Sandy Hook families, who agreed to forego their share of sale proceeds for future revenue from a revamped Infowars, enabling other creditors to collect more.

However, a competing bidder backed by Jones, First United American Companies, contested the sale, claiming its $3.5 million bid was unfairly rejected.

The judge plans an evidentiary hearing to ensure transparency.

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[-] TwitchingCheese@lemmy.world 100 points 1 year ago

You'd think if Jones pulled together 3.5 million to bid indirectly through a shell company for his own bankruptcy they'd just you know... take that money and give it to his creditors then continue with the sale since it's still not enough...

[-] laurelraven@lemmy.zip 17 points 1 year ago
[-] mipadaitu@lemmy.world 14 points 1 year ago

Then he's got the asset again so it can be auctioned off to get more proceeds to the families.

It's an infinite money glitch.

[-] lightnsfw@reddthat.com 8 points 1 year ago

That would be extremely funny.

this post was submitted on 26 Nov 2024
342 points (99.1% liked)

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