20 ms·
> The exact bid amount offered by the Onion for InfoWars remains unknown, but it has been reported it was lower than First United American’s bid of $3.5m. Soun
by linuxftw 2y ago
> The exact bid amount offered by the Onion for InfoWars remains unknown, but it has been reported it was lower than First United American’s bid of $3.5m.
Sounds a lot like FUA won the auction, but the trustee is playing games. The judge ordered a public auction, the trustee and the creditors don't get to side-step the judge's order because some of them might perceive their actions to be a better outcome.
- JumpCrisscross 2y ago> but the trustee is playing games Not really. Trustee’s obligation is to the creditors. Some of the creditors agreed to release their claims if it went to a third party. That has monetary value.
- linuxftw 2y agoDoesn't matter, that's not what the judge had ordered. Trustees don't decide anything, the judge has the final say.