The auction result is pitting the satirical news company, which is supported by Sandy Hook families, against First United American Companies, an LLC backed by Jones.

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.

  • @mipadaituEnglish
    9•3 hours 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.