A federal bankruptcy judge has rejected The The Exotic Time Machine (1998)Onion’s unexpected effort to acquire the conspiracy-laden media outlet InfoWars from its founder, Alex Jones. The judge cited concerns that the satirical news site's winning bid drastically undervalued the property.
SEE ALSO: Yes, The Onion really bought Alex Jones' InfoWarsThe Onion, owned by media conglomerate Global Tetrahedron, snagged auction rights to InfoWars last month with a sealed bid totaling roughly $1.7 million in cash and an additional noncash component that brought the offer closer to $7 million. That figure still fell short of a competing $3.5 million bid from Jones’ associates at First United American Companies, which helps market the supplements frequently advertised on InfoWars.
However, after reviewing the numbers, U.S. Bankruptcy Judge Christopher Lopez said even the higher offer might not have been enough. In a ruling that tossed out The Onion’s attempt to finalize the deal, Lopez made it clear that InfoWars could command a bigger payout.
"I don’t think it’s enough money," Lopez said in his ruling. "I’m not going to approve the sale… I think you’ve got to go out and try to get every dollar. I think that the process fell down."
In the fallout of a colossal $1.2 billion defamation judgment by families of the Sandy Hook shooting victims, Alex Jones has been forced into bankruptcy, and his signature platform, InfoWars, has landed on the auction block. But following a judge’s decision to reject The Onion’s bid — one initially expected to clinch the deal — Jones might be getting a shot at retaking control.
Ben Collins, the former disinformation reporter now heading Global Tetrahedron, isn't giving up. In a post on X, he vowed to keep chasing InfoWars, declaring that he'll "seek a path towards purchasing InfoWars in the coming weeks."
For now, though, the entire process is stuck in a holding pattern. Lopez handed the keys back to the court-appointed trustee, Christopher Murray, faulting him for mishandling the previous auction. Murray must now figure out a new game plan to sell off InfoWars.
Best Amazon deal: The DJI Power 1000 is just $549
Newspaper's tweet about climate change and Bubba Gump is too relatable
The most devoted fitness fanatics can now squeeze in a workout before their flight
Samsung deleted ads that mocked iPhone for its lack of headphone jack
The Babelio sound machine is for babies. I love it anyway.
Jennifer Holliday cancels Trump inauguration performance, apologizes to LGBT community
Apple might update iPad Pros with three rear cameras
'Pile of garbage' Buzzfeed responds to Trump with a beautiful act of passive aggression
A hedgehog blown up 'like a beach ball' was popped in life
Bush sisters' heartfelt letter to the Obama girls will make your day
Best water flosser deal: Save $10 on Waterpik Cordless Pulse
'I'm the first space pirate!' How tardigrades were secretly smuggled to the moon
Cool kid pranks store by putting his face on every device
Trump didn't drain the swamp, he created these swamp monsters
How to quit social media: This Gen Z
'Scary Stories to Tell in the Dark' reanimates your nightmares: Review
Airbnb argument causes neighborhood drama around a pink 'Emoji House'
At least 1,000 more buses ask to park for Women's March than Trump's inauguration
A hedgehog blown up 'like a beach ball' was popped in life
Ron Burgundy's mega
Road Trip, 12 Cadillacs: A Letter from Patrick Leigh FermorPink Cigarettes: Notes on Lighting UpPink Cigarettes: Notes on Lighting UpBest Prime Day Kindle Oasis deal: $50 off Kindle OasisThe Fine Art of the Armchair CookbookUkraine President Zelenskyy awards medal to beloved mineMy Life Polishing SilverErnie & Me—A Soldier Falls In, and Falls Out, with HemingwaySpaceX's Starlink internet is now available in 32 countriesThat Time I Went to the Russian Cat Circus30+ Prime Day 2 sex toy deals: LELO, Satisfyer, moreBest Prime Day Kindle Oasis deal: $50 off Kindle OasisEU warns Elon Musk: Fix Twitter/X's disinformation problem or face penaltiesHinge launches fund to support therapy access for LGBTQ and BIPOC datersLeBron James, the Big Three, and Basketball RevolutionA guide to teaching children how to pet dogsThe bitter, banal, and bizarre YouTube circus of Depp v. HeardHinge launches fund to support therapy access for LGBTQ and BIPOC datersLi'l Sebastian to Seabiscuit: Horses of pop culture, rankedRoad Trip, 12 Cadillacs: A Letter from Patrick Leigh Fermor 'True Detective' Season 3 'will be a go' as soon as HBO nails down a director Police arrest hackers behind explosive Fireball malware that infected 250 million computers Elon Musk gives us first look at the Boring Company's car elevator 'Big Little Lies' Season 2 is a possibility, says HBO Leaked image might show the iPhone 8's wireless charging setup Disney is using facial recognition to predict how you'll react to movies Kanye's sneakers appear in the most unexpected place: 'Splatoon 2' 10 free classes that'll make anyone better (and happier) at their job SNES Classic pre Facebook pledges money to help keep elections safe This Banksy image has been voted the UK's most iconic Half of your body may have formed from a galaxy far, far away 'The Emoji Movie' Review We spoke to the hackers who stole $85 million in Ethereum to save it The moment a Buddhist temple got completely washed away in a flood in Myanmar It's shockingly easy for hackers to remotely scan and clone your work security badge Euron Greyjoy is 'Game of Thrones' Season 7's wild card Blizzard lays out concrete plans to cut down on abuse in 'Overwatch' Why is BuzzFeed selling a hot plate? Because it sucks to be a media company right now. Everything you need to know about the Google Pixel 2
2.8966s , 8207.40625 kb
Copyright © 2025 Powered by 【The Exotic Time Machine (1998)】,Defense Information Network