Elon Musk's X Corp Joins Battle Over Infowars Sale to The Onion

1 min read
Source: Bloomberg Law
Elon Musk's X Corp Joins Battle Over Infowars Sale to The Onion
Photo: Bloomberg Law
TL;DR Summary

The losing bidder for Alex Jones' Infowars, First United American Companies LLC, is challenging The Onion's winning bid, claiming its $3.5 million offer was higher than The Onion's $1.75 million bid. The dispute arises as The Onion's bid was supported by some Sandy Hook families waiving part of their claims against Jones, which the trustee overseeing the bankruptcy deemed the best-value offer. First United argues this waiver holds no real value and accuses The Onion of collusion, while the trustee defends the auction process as fair.

Share this article

Reading Insights

Total Reads

0

Unique Readers

14

Time Saved

1 min

vs 2 min read

Condensed

75%

33886 words

Want the full story? Read the original article

Read on Bloomberg Law