Onion Wins Infowars Asset Auction in Texas Bankruptcy

1 min read
Source: KUT
Onion Wins Infowars Asset Auction in Texas Bankruptcy
Photo: KUT
TL;DR Summary

The Onion has acquired Infowars’ studio, IP, and website in a Texas bankruptcy sale, after Alex Jones was ordered to liquidate assets to pay about $1.5 billion in defamation liability. The Onion plans to continue programming with some rebranding and a possible new host, and profits will be shared with Sandy Hook victims; the deal could close within days.

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