​The Onion Buys Alex Jones’s Infowars Out of Debt

The humorous media website intends to make itself known as Infowars. However, the bankruptcy judge delayed the sale until a hearing the following week. The Onion, a sarcastic journal that denigrates current events and news sources, announced on Thursday that it had won an auction to buy Infowars, a site run by conspiracy theorist Alex Jones. However, within hours, the bankruptcy judge abruptly halted the offer in a twist that was all very common of six years of frequently contentious litigation. The Onion claimed that Sandy Hook Elementary School’s victims ‘ families, who had filed a$ 1.4 billion defamation lawsuit against Mr. Jones and his business, Free Speech Systems, supported its bid. The publication plans to restore Infowars in January as a parody of itself, mocking “weird online personalities” like Mr. Jones who traffic in propaganda and health products, Ben Collins, the chief executive of The Onion’s family firm, Global Tetrahedron, said in an exam. The Onion’s attorney claimed the bargain was safe. However, U.S. Bankruptcy Court in Houston delayed the price until a reading earlier next week during an incident receiving days following a joyful news. Judge Lopez raised questions about the secret buying process’s lack of transparency and the need to know what resources the winners are purchasing. One of the property in debate is Mr. Jones’s accounts on X. The bid drew just two bidders. Walter J. Cicack, a Houston lawyer representing First United American Organizations, a business associated with an online product shop that bears Mr. Jones’s name, bid$ 3.5 million in cash for Infowars ‘ site, related sites and Infowars ‘ lucrative products company. In the Houston hearing, Mr. Cicack said the court-appointed trustee who managed the sale had informed him that he was the “backup bidder” and had lost. He claimed that he was not given the opportunity to raise his bid and that the winning bidder’s amount was not disclosed. Although the Onion group did not disclose the sale terms, it became clear that it had offered less in cash than First United at the hearing. It succeeded by including a” credit bid,” a promise made by Sandy Hook families who had sued Mr. Jones in Connecticut to stop paying them any money until after they had already been sued. The article content is retrievable with difficulty. In your browser’s settings, kindly enable JavaScript. Thank you for your patience while access is verified. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times. Thank you for your patience while access is verified. Already a subscriber? Log in. Want all of The Times? Subscribe. 

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