Infowars Sale to The Onion Rejected by Federal Bankruptcy Judge
www.nytimes.com
The Onion’s bid for the conspiracy website was supported by the families of victims of the Sandy Hook shooting and a nonprofit focused on ending gun violence.

“It seemed doomed almost from the moment they decided to go to a sealed bid,” Judge Lopez said. “Nobody knows what anybody else is bidding,” he added.

    • ricecake@sh.itjust.worksEnglish
      7·
      8 hours ago

      No idea, and not entirely sure why it matters. If your goal is to sell an asset and maximize proceeds, it’s a known and unsurprising strategy, particularly since it gives higher returns when there are few bidders.

      • Aatube@kbin.melroy.orgOP
        11·
        1 hour ago

        I think it has quite a chance of mattering. There’s two choices here: the judge is incomptetent/compromised, or there’s a reason this makes sense within the bankruptcy context. I want to explore the latter first before I make any judgements.