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Judge Rejects Sale of Infowars to The Onion (www.nytimes.com)
submitted 2 years ago by 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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[–] -1 points 2 years ago* (last edited 2 years ago) (2 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.

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