Tue Dec 10 08:08:57 UTC 2024: **The Onion Wins Controversial Bid for Alex Jones’ Infowars**
**Houston, TX (December 10, 2024)** – A bankruptcy judge is currently reviewing a highly contested bid by The Onion to acquire the assets of Alex Jones’ Infowars platform. The satirical news outlet offered $1.75 million, a bid that, factoring in a pledge from Sandy Hook families to redirect some funds, was valued at $7 million by the trustee. This amount surpassed the $3.5 million bid from Jones’ First United American Companies.
The auction, concluded November 14th, is part of Jones’ personal bankruptcy proceedings following defamation lawsuits totaling nearly $1.5 billion stemming from his false claims about the Sandy Hook Elementary School shooting. The proceeds from the Infowars sale will primarily compensate the victims’ families.
Jones and First United American Companies allege fraud and collusion, claiming the $1.75 million bid unfairly outcompeted their higher offer. They argue The Onion’s inclusion of the Sandy Hook families’ pledge artificially inflated its bid’s value. The Onion and the bankruptcy trustee deny these allegations, describing the complaints as “sour grapes” and “imagined conspiracy theories.”
The judge heard testimony on December 9th and 10th, with the auctioneer defending The Onion’s bid and its valuation. The judge will decide whether to approve The Onion’s acquisition, declare Jones’ company the winner, or order a new auction. Jones, who did not attend the first day of hearings, has established alternative broadcasting platforms anticipating a potential takeover of Infowars. The assets up for grabs include Infowars’ studio, social media accounts, websites, and trademarks.
First Piper 