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Bankruptcy judge rejects The Onion’s bid to buy Alex Jones’ Infowars (www.nbcnews.com)

submitted 1 week ago by [email protected] to c/[email protected]

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[–] [email protected] 3 points 1 week ago (1 children)

They are not telling the onion to offer more money, they are giving the one with the highest bid the chance to make it even bigger.

It doesn't sound like that's happening - just that they should have known about what was happening more.

Honestly the reporting on this sucks. We'll need to wait for some legal commentators to weigh in on how unusual or standard this is and what happens next.

[–] [email protected] -1 points 1 week ago (1 children)

A rival bidder associated with Jones, First United American Cos., offered $3.5 million in cash, or twice as much cash as The Onion’s parent company. First United American is a limited liability company affiliated with Jones’ dietary supplements business, and its bid had Jones’ blessing.

The reporting is OK, you need to read past the headline

[–] [email protected] 4 points 1 week ago (1 children)

Piss off? I read the rest of the article. In fact it says this:

It was not immediately clear whether there would be a new auction in which The Onion could bid again for Jones’ assets. Lopez said he would leave the decision about what to do next in the hands of the trustee, Christopher Murray, who had overseen the auction.

That is a far cry from they are giving the one with the highest bid the chance to make it even bigger by a long shot.

So no need to be weirdly aggressive about my reading skills. The reporting so far is thin and being done by reporters who don't know the law enough about what happens next.