this post was submitted on 11 Dec 2024
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352
Judge Rejects Sale of Infowars to The Onion (www.nytimes.com)
submitted 6 days ago by Aatube@kbin.melroy.org to c/technology@lemmy.world
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“It seemed doomed almost from the moment they decided to go to a sealed bid,” Judge Lopez said. “Nobody knows what anybody else is bidding,” he added.

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[–] Aatube@kbin.melroy.org 10 points 6 days ago

Apparently Jones chose a sham for his trustee who decided how to run the auction

Edit: "sham" as in how Jones saw it. After receiving only 2 bids, Murray—the trustee—decided to only solicit best and final offers instead of following the original open auction procedure; the court didn't expect changing those rules, but the change was completely within the trustee's power. Though both bidders had no objections to the changed rules, the lost bidder and Jones did after the results came out and sued, and the court felt like Murray should've done something else (while clarifying that they felt Murray acted in good faith).