Did The Onion buy Infowars? Texas judge to weigh in on take over
Key Points:
- A Texas judge will decide whether satirical site The Onion can take over Alex Jones' far-right media company Infowars, following a $1.3 billion defamation judgment against Jones by Sandy Hook families.
- Jones was ordered to pay the judgment after falsely claiming the 2012 Sandy Hook shooting was a hoax, leading to Infowars' parent company being placed under court-appointed receivership.
- The Onion's initial bid to acquire Infowars in December 2024 was blocked by a bankruptcy judge who deemed the auction did not yield the best bids, but a 2025 ruling reopened the possibility of the sale.
- The new deal involves The Onion licensing Infowars' intellectual property for $81,000 per month rather than outright ownership, pending approval from Texas Judge Maya Guerra Gamble.
- If approved, The Onion's parent company CEO expects the licensing agreement to be finalized by around April 30, 2025.