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.
I believe you got the percentages correct (I watched the video yesterday).
To everyone looking at the bidding numbers only – they don’t include a lot of concessions the NC parents gave to both the Texas parents and the Onion in order to keep AJ out of the deal.
The video goes into great detail about how the deal came to be, and how the Onion and NC parents worked HARD to make it the most attractive one to both the trustee and Texas parents.