▲ 353 ▼ Judge Rejects Sale of Infowars to The Onion (www.nytimes.com) submitted 2 years ago by Aatube@kbin.melroy.org to c/technology@lemmy.world 68 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.
[–] Aatube@kbin.melroy.org [S] -2 points 2 years ago (2 children) Common in bankruptcy as well? permalink fedilink source parent hideshow 2 child comments replies: [–] ricecake@sh.itjust.works 8 points 2 years ago (1 child) No idea, and not entirely sure why it matters. If your goal is to sell an asset and maximize proceeds, it's a known and unsurprising strategy, particularly since it gives higher returns when there are few bidders. permalink fedilink source parent hideshow 1 child comment replies: [–] Aatube@kbin.melroy.org [S] -2 points 2 years ago I think it has quite a chance of mattering. There's two choices here: the judge is incomptetent/compromised, or there's a reason this makes sense within the bankruptcy context. I want to explore the latter first before I make any judgements. permalink fedilink source parent
[–] ricecake@sh.itjust.works 8 points 2 years ago (1 child) No idea, and not entirely sure why it matters. If your goal is to sell an asset and maximize proceeds, it's a known and unsurprising strategy, particularly since it gives higher returns when there are few bidders. permalink fedilink source parent hideshow 1 child comment replies: [–] Aatube@kbin.melroy.org [S] -2 points 2 years ago I think it has quite a chance of mattering. There's two choices here: the judge is incomptetent/compromised, or there's a reason this makes sense within the bankruptcy context. I want to explore the latter first before I make any judgements. permalink fedilink source parent
[–] Aatube@kbin.melroy.org [S] -2 points 2 years ago I think it has quite a chance of mattering. There's two choices here: the judge is incomptetent/compromised, or there's a reason this makes sense within the bankruptcy context. I want to explore the latter first before I make any judgements. permalink fedilink source parent