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Judge Rejects Sale of Infowars to The Onion (www.nytimes.com)

submitted 1 week ago by Aatube@kbin.melroy.org to c/technology@lemmy.world

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“It seemed doomed almost from the moment they decided to go to a sealed bid,” Judge Lopez said. “Nobody knows what anybody else is bidding,” he added.

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[-] ricecake@sh.itjust.works 13 points 1 week ago

That's essentially what they did. They chose an auction type where each party offers as much as they're willing to pay and the highest offer wins. The Sandy Hook families included a chunk of their debt in the offer which was part of the value.

[-] Aatube@kbin.melroy.org 2 points 1 week ago

I think Abou meant bidding with cash instead of debt.

this post was submitted on 11 Dec 2024

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