Judge Blocks The Onion's Attempt to Acquire Infowars

1 min read
Source: The Verge
Judge Blocks The Onion's Attempt to Acquire Infowars
Photo: The Verge
TL;DR Summary

A Texas bankruptcy judge has blocked The Onion's acquisition of InfoWars, citing issues with the sealed bidding process that did not maximize returns for creditors. The Onion had bid $7 million, partly funded by money awarded to Sandy Hook families from their lawsuit against InfoWars founder Alex Jones. Despite the setback, The Onion's parent company, Global Tetrahedron, plans to continue pursuing the acquisition to transform InfoWars into a platform for humor.

Share this article

Reading Insights

Total Reads

0

Unique Readers

1

Time Saved

1 min

vs 2 min read

Condensed

75%

28671 words

Want the full story? Read the original article

Read on The Verge