Details emerge about two bids submitted for Infowars
The Onion agreed to acquire the Infowars trademark, storefront, website and other assets at auction for around $7 million in cash and future income.
The Onion agreed to acquire the Infowars trademark, storefront, website and other assets at auction for around $7 million in cash and future income.
The judge overseeing the bankruptcy case involving Alex Jones has expressed concerns over how the auction was handled.
The Onion has emerged as the winner of a blind auction for the trademark and website of Infowars
A mystery bidder has submitted a “seven-figure” wager to obtain the Infowars trademark, studio equipment and other assets, and could keep Alex Jones employed if they win.
The auction is connected to a bankruptcy case involving Free Speech Systems founder Alex Jones.
His personal bankruptcy, which involves Free Speech Systems, is tied to a $1.5 billion judgement awarded in a defamation case two years ago.
The company will be operated by a neutral third-party, court documents said.