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.

  • AbouBenAdhem@lemmy.worldEnglish
    101·
    9 hours ago

    Seems like they could have avoided this by having the Sandy Hook families join the bid with an arbitrarily high dollar amount—which they’d immediately get back as creditors.

    • ricecake@sh.itjust.worksEnglish
      121·
      8 hours ago

      That’s essentially what they did. They chose an auction type where each party offers as much as they’re willing to pay and the highest offer wins. The Sandy Hook families included a chunk of their debt in the offer which was part of the value.