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Judge orders hearing to review Onion’s purchase of Alex Jones’s InfoWars
(www.theguardian.com)
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this post was submitted on 15 Nov 2024
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Guardian's slow on the news. This was known yesterday.
There were only two bidders, the Onion and a backup bidder. The judge is looking into how the bidding process was run, because the Onion won with a lower bid than the back up bidder.
The Onion’s offer was seen as a better deal because some of the related Sandy Hook families agreed to forgo a portion of the sale proceeds to help pay off Jones’s other creditors.
Both article explains that. They used a “credit” given by the Sandy Hooks survivors so that their money from this sale would go to Alex’s other debts first. So it was less money but allocated more beneficially for jones.
That is interesting.