Skip to main content
Business

Alex Jones-aligned company offers $7 million for Infowars after failed auction

Listen
Share

A company doubled its offer to purchase Alex Jones’ Infowars platform, which is at the center of several defamation lawsuits after a federal judge blocked a previous auction. First United American Companies, a firm tied to Jones, now wants to pay more than $7 million for it.

Media Landscape

See who else is reporting on this story and which side of the political spectrum they lean. To read other sources, click on the plus signs below. Learn more about this data
Left 31% Center 38% Right 31%
Bias Distribution Powered by Ground News

The new offer comes after the parent company of satirical news site The Onion outbid First United American in November. However, a judge rejected that deal, citing a lack of transparency and concerns that the sale did not generate enough money.

QR code for SAN app download

Download the SAN app today to stay up-to-date with Unbiased. Straight Facts™.

Point phone camera here

Jones’ financial troubles stem from defamation lawsuits filed by the families of the victims who died in the 2012 mass shooting at Sandy Hook Elementary School. Jones made false claims that the tragedy in Connecticut was a hoax to push a gun control agenda. As a result, a judge ordered Jones to pay $1.5 billion in damages. It forced him to put up Infowars as collateral to help settle the judgments.

The trustee handling Jones’ bankruptcy case announced Monday, Jan. 13, that First United American made the new offer despite no formal request for a rebid following the failed auction.

The Onion’s parent company, Global Tetrahedron, previously bid nearly $2 million to purchase Infowars and make it a parody site. In contrast, First United American initially offered $3.5 million in cash, with the intention of letting Jones continue Infowars.

The trustee is expecting a new offer from Global Tetrahedron.

Most of the Infowars sale proceeds will go toward paying off defamation damages for the families of Sandy Hook victims. Any remaining funds will be distributed among Jones’ other creditors.

Tags: , , ,

[Lauren Taylor]

AFTER A FAILED AUCTION, A COMPANY LINKED TO ALEX JONES HAS NOW DOUBLED ITS OFFER TO PURCHASE HIS INFOWARS PLATFORM, WHICH IS AT THE CENTER OF SEVERAL DEFAMATION LAWSUITS.

THE COMPANY, FIRST UNITED AMERICAN COMPANIES, WANTS OVER $7 MILLION FOR INFOWARS. THIS COMING AFTER A FEDERAL JUDGE BLOCKED THE ORIGINAL SALE PROCESS IN DECEMBER FOR LACKING TRANSPARENCY AND INSISTING IT DIDN’T RAISE ENOUGH MONEY. 

THE JUDGMENT OF ONE POINT FIVE BILLION IN DAMAGES FORCED JONES TO PUT UP HIS PLATFORM TO PAY BACK THE FAMILIES OF THE SANDY HOOK ELEMENTARY SCHOOL VICTIMS. 

JONES MADE CLAIMS THE 2012 BLOODSHED IN CONNECTICUT WAS FAKE AND INSTEAD WAS A STAGED ATTEMPT TO INCREASE GUN CONTROL. 

THE LAWSUITS PUSHED JONES TO FILE BANKRUPTCY AND PUT HIS WEBSITE UP FOR COLLATERAL. 

THE TRUSTEE HANDLING JONES’ BANKRUPTCY REVEALED MONDAY THAT FIRST UNITED AMERICAN MADE THE NEW OFFER, DESPITE NOT HAVING BEEN ASKED TO REBID.

SATIRE SITE THE ONION’S PARENT COMPANY, GLOBAL TETRAHEDRON, HAD OFFERED CLOSE TO TWO MILLION TO PURCHASE INFOWARS WITH THE INTENTION TO TURN IT INTO A PARODY WEBSITE. 

IN CONTRAST, FIRST UNITED AMERICAN, OFFERED THREE POINT FIVE MILLION IN CASH AND PLANNED TO LET JONES STAY ON.

JONES’ TRUSTEE IS AWAITING A FUTURE OFFER FROM GLOBAL TETRAHEDRON. 

THE TRUSTEE WILL EVALUATE BOTH OFFERS AND DECIDE NEXT STEPS. 

ITS UNCLEAR IF INFOWARS WILL UNDERGO ANOTHER AUCTION

FOR STRAIGHT ARROW NEWS, I’M LAUREN TAYLOR