The Onion loses bid to acquire Alex Jones’ Infowars company in a federal bankruptcy court ruling. Judge Christopher Lopez cited flaws in the bidding process, lack of transparency, and failure to maximize value for creditors as reasons for rejecting The Onion’s offer. This decision is seen as a rare win for Jones, who has been involved in legal battles with families of Sandy Hook shooting victims over defamation claims. The families expressed disappointment with the ruling, stating their determination to hold Jones accountable. The judge dismissed allegations of collusion and rigging made by Jones and another bidder. Both offers were deemed too small, with the judge criticizing the trustee overseeing the sale for not obtaining a higher offer for the families. Despite the setback, The Onion remains committed to its bid and partnership with the Connecticut families. The ruling highlights the complexities and challenges of bankruptcy proceedings involving high-profile and controversial figures like Jones.
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The Onion’s bid for Infowars denied by Bankruptcy judge
