Judge Blocks The Onion's Attempt to Acquire Infowars

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.
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
1 min
vs 2 min read
Condensed
75%
286 → 71 words
Want the full story? Read the original article
Read on The Verge