The Onion Wins Infowars in Bankruptcy Auction
Satirical news organization The Onion is the winning bidder for Alex Jones’ Infowars in a bankruptcy auction backed by Sandy Hook shooting victims’ families, who hold over $1 billion in defamation judgments against Jones.
Read: Alex Jones Loses Control of Infowars as Court Orders Liquidation of Personal Assets
The sealed bids were opened Wednesday, though the sale price remains undisclosed. The deal covers Infowars’ complete media operation, including its Austin studio, website, social media presence, trademarks, and video archive.
“The dissolution of Alex Jones’ assets and the death of Infowars is the justice we have long awaited and fought for,” said Robbie Parker, who lost his daughter Emilie in the 2012 Connecticut school shooting. Jones had faced the defamation judgments for calling the massacre a hoax.
Jones announced plans to legally challenge the sale in a social media video Thursday. As of this writing, the Chicago-based The Onion has not disclosed its plans for the conspiracy theory platform.
“What’s next for InfoWars remains a live issue. The excess funds initially allocated for the purchase will be reinvested into our philanthropic efforts that include business school scholarships for promising cult leaders, a charity that donates elections to at-risk third world dictators, and a new pro bono program pairing orphans with stable factory jobs at no cost to the factories,” Bryce P. Tetraeder, CEO of parent company Global Tetrahedron, wrote, satirically, of course.
While other bidders reportedly included both Jones supporters and critics, their identities have not been revealed.
Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
