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Judge says he must still approve sale of Infowars to The Onion

www.nbcnews.com Judge says he must still approve sale of Infowars to The Onion

The auction result is pitting the satirical news company, which is supported by Sandy Hook families, against First United American Companies, an LLC backed by Jones.

Judge says he must still approve sale of Infowars to The Onion

Summary

A federal judge has delayed approving the sale of Alex Jones’ media company, Infowars, to The Onion, amid disputes over the auction process.

The Onion won with a $1.75 million bid supported by Sandy Hook families, who agreed to forego their share of sale proceeds for future revenue from a revamped Infowars, enabling other creditors to collect more.

However, a competing bidder backed by Jones, First United American Companies, contested the sale, claiming its $3.5 million bid was unfairly rejected.

The judge plans an evidentiary hearing to ensure transparency.

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