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Bankruptcy judge rejects The Onion's bid to buy Alex Jones' Infowars (www.nbcnews.com)

submitted 1 month ago by ByteOnBikes@slrpnk.net to c/nottheonion@lemmy.world

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A bankruptcy judge on Tuesday rejected a bid by The Onion’s parent company to buy Alex Jones’ far-right media empire, including the website Infowars, ruling that the auction process was unfair.

U.S. Bankruptcy Judge Christopher Lopez said after a two-day hearing that The Onion’s parent company, Global Tetrahedron, had not submitted the best bid and was wrongly named the winner of an auction last month by a court-appointed trustee.

“I don’t think it’s enough money,” Lopez said in a late-night ruling from the bench in a Houston court. “I’m going to not approve the sale.”

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[–] HeyJoe@lemmy.world 12 points 1 month ago (1 children)

Wouldn't the sale of the company go directly to what he owes the people? If so I doubt the seller cares what it's sold for, but the judge may think it's unfair to settle that low so that the people can get more possibly? I also could be wrong and that's not were the money goes? Just seemed like that's what this is for. I doubt they will get much more after things are sold either.

[–] Pronell@lemmy.world 36 points 1 month ago (1 children)

The recipients signed off on the sale.

[–] HeyJoe@lemmy.world 4 points 1 month ago

Thanks!