The Onion Buys Infowars in Bankruptcy Auction
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Infowars, the far-right conspiracy theory outlet driven into bankruptcy over lies founder Alex Jones spread about the Sandy Hook massacre, has a new owner: satirical news site The Onion.
The Onion, whose parent company is Global Tetrahedron, declined to disclose how much it paid for Infowars’ assets in the Chapter 7 bankruptcy liquidation auction. The Onion was acquired in April by Jeff Lawson, co-founder and former CEO of Twilio, a customer-service software company.
The Connecticut families of victims of the Sandy Hook school shooting that had sued Infowars and Jones backed the bid by The Onion to purchase Infowars’ intellectual property, including its website, customer lists and inventory, certain social media accounts and the production equipment used to put Jones on the air. The Connecticut families agreed to forgo a portion of their recovery to increase the overall value of The Onion’s bid, “enabling its success,” according to lawyers for the families.
Content retrieved from: https://variety.com/2024/digital/news/the-onion-buys-infowars-bankruptcy-auction-1236210061/.
