A Company Linked to Alex Jones Doubles Offer to Buy Infowars

A company linked to conspiracy theorist Alex Jones is now offering over $7 million to buy his Infowars platforms, more than double what it proposed when it lost to The Onion satirical news outlet in a bankruptcy auction that was later voided by a judge, a lawyer in the case said Monday.

New Offer Despite No Official Request

First United American Companies, which runs a website in Jones’ name that sells nutritional supplements, submitted the new offer despite there being no official request to do so, Joshua Wolfshohl, an attorney for the trustee overseeing Jones’ bankruptcy, told a bankruptcy court judge at a brief hearing in Houston.

Trustee Evaluating New Offers

Wolfshohl said the trustee also is expecting a new offer soon from The Onion’s parent company, Chicago-based Global Tetrahedron.

The Background of the Sale

The sale of Infowars is part of Jones’ personal bankruptcy case, which he filed in late 2022 after he was ordered to pay nearly $1.5 billion in defamation lawsuits in Connecticut and Texas filed by relatives of victims of the Sandy Hook Elementary School shooting in Connecticut. Jones repeatedly called the 2012 shooting that killed 20 children and six educators a hoax staged by actors and aimed at increasing gun control.

Proceeds from Sale

Most of the proceeds from the sale of Infowars, as well as from many of Jones’ personal assets that are being sold, will go to the Sandy Hook families to help satisfy the defamation judgments. Some proceeds will go to Jones’ other creditors.

Future of Infowars Unclear

The future of Infowars, based in Jones’ hometown of Austin, Texas, remains up in the air after the failed auction, and it’s still not clear how the sale of its assets will proceed. Wolfshohl said the trustee, Christopher Murray, will evaluate the new offers and decide what to do next.

Possible Auction Process

“I don’t know exactly what it’s going to look like,” Wolfshohl said. “But I think we would come back to the court and say, ‘Judge, here’s what we’ve got. Let’s talk about a sale process, one that your honor’s comfortable with, possibly with an auction.’”

Reactions from Parties Involved

Representatives of The Onion and First American United did not immediately return phone and email messages seeking comment.

Previous Auction and Ruling

U.S. Bankruptcy Judge Christopher Lopez voided the auction and rejected the sale of Infowars to The Onion in December, saying the bidding process was flawed, not transparent and didn’t raise enough money for creditors. He also said there was too much confusion about The Onion’s bid and its actual value. The Onion and First United American were the only two bidders.

Agreement between Sandy Hook Families

Also since the auction, the Sandy Hook families who won more than $1.4 billion in the Connecticut lawsuit and those awarded about $50 million in the Texas lawsuit have reached a deal on how to split the proceeds from the sales of Jones and Infowars’ assets. The two sides had been at odds over the issue for months.

Terms of the Agreement

Under the agreement, the families in the Texas suit would get at least $4 million and the Connecticut suit families would get at least $12 million. If the Connecticut suit families get more than $12 million, the families in the Texas lawsuit would get 25% of that extra amount. The deal needs to be approved by Lopez, the bankruptcy judge.

Conclusion

The sale of Infowars and Jones’ personal assets continues to be a complex and ongoing process, with multiple parties involved and competing interests at stake. The outcome is far from certain, and only time will tell how the situation ultimately plays out.

FAQs

Q: What is the new offer from First United American Companies?
A: The new offer is over $7 million, more than double the previous offer.

Q: What is the current status of the sale of Infowars?
A: The sale is ongoing, with the trustee evaluating new offers and deciding what to do next.

Q: What is the purpose of the sale of Infowars?
A: The sale is part of Jones’ personal bankruptcy case, with proceeds going to the Sandy Hook families and other creditors.