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Judge Rejects Sale of Infowars to The Onion (www.nytimes.com)

submitted 1 day ago by [email protected] to c/technology

66 comments fedilink hide all child comments

“It seemed doomed almost from the moment they decided to go to a sealed bid,” Judge Lopez said. “Nobody knows what anybody else is bidding,” he added.

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[–] [email protected] 159 points 1 day ago (28 children)

Judge Lopez said that the bankruptcy auction failed to maximize the amount of money that the sale of Infowars should provide to Mr. Jones’s creditors, including the Sandy Hook families, in part because the bids were submitted in secret.

“It seemed doomed almost from the moment they decided to go to a sealed bid,” Judge Lopez said. “Nobody knows what anybody else is bidding,” he added.

So the problem is that it didn't maximise the potential income for the bankrupcy case?

Shouldn't that be a "oh well, sucks. but a sale is a sale" problem?

[–] danc4498 0 points 1 day ago (5 children)

Whatever gets the sandy hook families the money they deserve.

[–] spankmonkey 9 points 1 day ago* (last edited 1 day ago) (4 children)

They wanted the sale to go to the Onion and not some conservative hate group more than the money. They were fully on board with taking the lower amount.