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Judge Rejects Sale of Infowars to The Onion (www.nytimes.com)

submitted 1 week ago by Aatube@kbin.melroy.org to c/technology@lemmy.world

66 comments fedilink hide all child comments

“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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[–] disguy_ovahea@lemmy.world -1 points 1 week ago* (last edited 1 week ago) (1 children)

It’s up to the lender to accept the settlement. They’re the ones taking the loss. The sale is not the result of financial hardship, so the court cannot force the lender to accept an unreasonably insufficient buyout offer for the loan.

[–] xthexder@l.sw0.com 1 points 1 week ago (1 children)

What loan?

[–] Aatube@kbin.melroy.org 1 points 1 week ago

they mean creditor