That sale process has been drawn out by an unexpected twist in the bankruptcy proceedings, when a bidder affiliated with Mr. Jones raised an 11th-hour objection to the deal. Since then, a flurry of court filings have put a spotlight on the final act of the bankruptcy proceedings, which have proved to be just as chaotic as those that preceded them.
The auction’s only other bidder, First United American Companies, which is associated with one of Mr. Jones’s online stores, is contesting the sale to The Onion’s parent company, Global Tetrahedron. The outcome of that effort will become clear after a hearing on Monday, set by Judge Christopher Lopez in a federal bankruptcy court in Houston, to review the bidding process.
Weird stuff. Not clear why the Onion even wanted the site.
The auction’s only other bidder, First United American Companies, which is associated with one of Mr. Jones’s online stores, is contesting the sale to The Onion’s parent company, Global Tetrahedron. The outcome of that effort will become clear after a hearing on Monday, set by Judge Christopher Lopez in a federal bankruptcy court in Houston, to review the bidding process.
The Onion’s Bid to Buy Infowars, Alex Jones’s Site, Is Being Contested
A hearing is scheduled for Monday to review the auction process, which is being contested by a losing bidder associated with Alex Jones, the Infowars founder.
www.nytimes.com
Weird stuff. Not clear why the Onion even wanted the site.