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The Onion’s bid to buy Infowars is rejected in court (www.motherjones.com)

submitted 6 hours ago by [email protected] to c/[email protected]

13 comments fedilink hide all child comments

After a grueling hearing that stretched over two days, a federal bankruptcy judge declined to approve the sale of Infowars to Global Tetrahedron, LLC, the Onion’s parent company late on Tuesday.

Last month, Infowars was sold at bankruptcy auction to the company; Onion CEO Ben Collins said they planned to relaunch the conspiracist site as a parody of itself. Instead, the ruling by Christopher Lopez, a bankruptcy judge in Texas’ Southern District, means the auction will be overturned and no new auction will be held. The judge ordered the US trustee who oversaw the bankruptcy process and auction to report back to the court in 30 days with a new plan to bring the case to a close.

Despite a good faith effort by the trustee to maximize profits for the Sandy Hook families, who are Jones’ biggest creditors, in making his ruling Lopez held that “the process fell down.”

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[–] Xanis 13 points 5 hours ago* (last edited 5 hours ago) (1 children)

The original ruling showed pretty plainly that the overall compensation easily matched or exceeded their opponent's offer. This judge must believe a bulk payment means more, or he's an idiot.

[–] [email protected] 12 points 5 hours ago (1 children)

He's corrupt.

[–] Xanis 1 points 1 hour ago

Oh yeah wait: Texas.

My bad.