353
Judge Rejects Sale of Infowars to The Onion (www.nytimes.com)
submitted 2 years ago by 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.

you are viewing a single comment's thread
view the rest of the comments
[–] 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
    •
  • [–] [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