Alex Jones’ Infowars Faces $7M Bid After Bankruptcy Auction Void: A company connected to conspiracy theorist Alex Jones has increased its offer to purchase his Infowars platforms to over $7 million. This offer more than doubles its previous bid, which lost to The Onion in a bankruptcy auction. However, a judge later voided that auction. The latest developments were disclosed during a brief hearing in Houston on Monday.
What Happened at the Bankruptcy Auction?
The bankruptcy auction originally involved only two bidders:
- First United American Companies: A company linked to Alex Jones, which manages a website in his name selling nutritional supplements.
- The Onion’s Parent Company: Global Tetrahedron, based in Chicago, submitted a lower cash offer but proposed turning Infowars into a parody platform.
U.S. Bankruptcy Judge Christopher Lopez voided the auction in December, citing a flawed process and insufficient transparency. While The Onion initially won the bid, confusion over its actual value and the bidding process caused the judge to reject the sale.
| Bidder | Initial Offer | Proposal |
|---|---|---|
| First United American | $3.5 million | Retain Alex Jones at Infowars |
| Global Tetrahedron (Onion) | $1.75 million | Relaunch Infowars as a parody site |
Why is Infowars for Sale?
Alex Jones filed for personal bankruptcy in late 2022 after losing defamation lawsuits. These lawsuits were filed by families of the Sandy Hook Elementary School shooting victims. Jones repeatedly called the 2012 tragedy a hoax aimed at pushing gun control laws.
The courts awarded:
- $1.5 billion in damages: Distributed between families from lawsuits in Connecticut and Texas.
The sale of Infowars, along with Jones’ personal assets, aims to compensate the families and other creditors.
New Offers in the Works
During the recent court hearing, First United American Companies presented an updated bid of over $7 million. Additionally, the trustee overseeing the case expects another proposal from Global Tetrahedron. Christopher Murray, the trustee, will evaluate these offers before presenting a plan to the judge.
Wolfshohl, a lawyer representing the trustee, stated, “We need a sale process that the court finds acceptable. This may involve another auction.”
How Will the Proceeds Be Distributed?
An agreement between the Sandy Hook families determines how proceeds from Infowars and Jones’ assets will be divided:
| Group | Guaranteed Amount | Additional Terms |
| Connecticut Families | At least $12 million | Receive 75% of proceeds exceeding $12M |
| Texas Families | At least $4 million | Receive 25% of proceeds exceeding $12M |
The deal requires approval from the bankruptcy judge, Christopher Lopez.
The Next Steps for Infowars
The future of Infowars remains uncertain. If First United American’s higher bid is accepted, Alex Jones may continue his involvement with the platform. Alternatively, Global Tetrahedron could win with a fresh proposal, transforming Infowars into a parody site.
The court’s next decision will determine whether a new auction is necessary and how the sale will proceed.