Jones alleges fraud and collusion marred the bankruptcy auction in which The Onion was named the winning bidder on November 14 over a company affiliated with him. US bankruptcy judge Christopher Lopez had been scheduled to hear an emergency motion to disqualify The Onion’s bid, but decided to put it off until either December 9 or December 17. That is also when the judge will hear arguments on a request to approve the sale of Infowars to The Onion. Mr Lopez said similar arguments are being made in both requests. He could allow The Onion to move forward with the sale, order a new auction or name the other bidder as the winner. At stake is whether Mr Jones gets to stay at Infowars’ studio in Austin, Texas, under a new owner friendly to him, or whether he gets kicked out by The Onion. The other bidder, First United American Companies, runs a website in Mr Jones’s name that sells nutritional supplements. Regardless, Mr Jones has set up a new studio, websites and social media accounts that would allow him to keep airing his show. His personal account with 3.3 million followers on the social platform X was not part of the sale, although Mr Lopez will be deciding whether it should be included in the liquidation and sold off later. In a new court filing on Monday, lawyers for X objected to any sale of the accounts of both Mr Jones and Infowars, saying X is the owner of the accounts and that it has not given consent for them to be sold or transferred. Mr Jones has praised X owner Elon Musk on his show and suggested that Mr Musk should buy Infowars. Mr Musk has not responded publicly to that suggestion and was not among the bidders. Mr Jones’ bankruptcy and the liquidation of his assets came about after he was ordered to pay nearly 1.5 billion dollars (£1.19 billion) to relatives of victims of the Sandy Hook Elementary School shooting in Newtown, Connecticut. Mr Jones was found liable for defamation and emotional distress damages in lawsuits in Connecticut and Texas for repeatedly calling the 2012 shooting that killed 20 first graders and six educators a hoax staged by actors to increase gun control. Proceeds from the liquidation are to go to Mr Jones’s creditors, including the Sandy Hook families who sued him. Mr Jones alleged The Onion’s bid was the result of fraud and collusion involving many of those families, the humour site and a court-appointed trustee who is overseeing the liquidation. First United American Companies submitted a 3.5 million dollar (£2.7 million) sealed bid, while The Onion offered 1.75 million dollars (£1.3 million) in cash. But The Onion’s bid also included a pledge by Sandy Hook families to forego some or all of the auction proceeds due to them giving other creditors a total of 100,000 dollars (£79,400) more than they would receive under other bids. The trustee, Christopher Murray, said that made The Onion’s proposal better for creditors and he named it the winning bid. He has denied any wrongdoing. Mr Jones and First United American Companies claimed that the bid violated Mr Lopez’s rules for the auction by including multiple entities and lacking a valid dollar amount. Mr Jones also alleged Mr Murray improperly cancelled an expected round of live bidding and only selected among the sealed bids that were submitted. Mr Jones called the auction “rigged” and a “fraud” on his show, which airs on the Infowars website, radio stations and his X account. In a court filing, Mr Murray called the allegations “a disappointed bidder’s improper attempt to influence an otherwise fair and open auction process”. Mr Lopez’s September order on the auction procedures made a live bidding round optional. It gave broad authority to Mr Murray to conduct the sale, including the power to reject any bid, no matter how high, that was “contrary to the best interests” of Mr Jones, his company and their creditors. But at a November 14 hearing, Mr Lopez said he was concerned about the process and transparency. “We’re all going to an evidentiary hearing and I’m going to figure out exactly what happened,” he said. “No one should feel comfortable with the results of this auction.” The assets of Infowars’ parent company, Free Speech Systems, that were up for sale included the Austin studio, Infowars’ video archive, video production equipment, product trademarks, and Infowars’ websites and social media accounts. Mr Jones is appealing the 1.5 billion dollar (£1.19 billion) in judgments citing free speech rights but has acknowledged that the school shooting happened. Mr Jones has brought in millions of dollars a year in revenue by hawking nutritional supplements, clothing, survival gear and other merchandise from his Infowars Store website, according to court documents. Many of Mr Jones’ personal assets, including real estate as well as guns and other personal belongings, also are being sold as part of the bankruptcy.Best Internet Providers in Melbourne, FloridaWalton received orders worth around Tk 350 crore from various local and foreign companies at the "Advanced Technology Solution-ATS Expo 2024", the country's sole industrial expo organised by tech-giant Walton. SM Mahbubul Alam, managing director of Walton Hi-Tech Industries, provided the disclosure at the event's closing ceremony. The three-day expo ended at the International Convention City Bashundhara in the capital's Purbachal on Saturday, said a press release. Alam said Walton has emphasised on investing more in product research and innovation as well as manufacturing environment-friendly products. He also called upon the government to provide necessary policy support to domestic manufacturers. Sk Bashir Uddin, adviser to the ministry of commerce, textiles and jute, attended the closing ceremony as chief guest. The Commerce Adviser visited various stalls and was also overwhelmed witnessing the displays, which included advanced technologies, electronics, electrical products, industrial materials and components of the backward linkage industry. During the visit, he inaugurated Walton's new model of VRF air-conditioner and big-display featured split type AC. "Walton's efforts to manufacture and supply electronics products are praiseworthy. Walton uses the government's policy support perfectly and Bangladesh is being branded by their products across the globe. It's our pride," said Bashir Uddin. In his vote of thanks speech, SM Shamsul Alam, chairman of Walton, said: "We have received huge responses beyond our expectations. The expo is visited by high-level representatives from government and private sectors, including many high profile individuals from different local and foreign companies. We are very happy and satisfied with their positive response." Md Selim Uddin, secretary to the commerce ministry, SM Ferdous Alam, director general of BSTI, SM Nurul Alam Rezvi, director of Walton Hi-Tech, and Md Munim Hasan, director general of the Patent, Desing, Trademark Department, were present. Among others, SM Ashraful Alam, vice-chairman of Walton Hi-Tech, SM Nurul Alam Rezvi, director, Siam Ahmed and Bidya Sinha Mim, brand ambassadors, along with other senior officials of the company and delegates from government and private organisations were also present.
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News Corp has announced a landmark agreement to sell Foxtel Group to global sports streaming platform DAZN for an enterprise value of $3.4 billion. The transaction, expected to close in the second half of fiscal year 2025, will see DAZN acquire 100 per cent of Foxtel, including Binge and Kayo Sports. As part of the deal, News Corp and Telstra will retain minority stakes in DAZN, with News Corp holding approximately six per cent and Telstra about three per cent. Foxtel’s sale has marked the end of an era, but DAZN committed to maintaining a local head office, local leadership and sports and entertainment production in Australia. CEO of Foxtel Group Patrick Delany, who will continue to lead the company, has said he was “excited to be joining the DAZN family”. “It means we will remain a proudly Australian-based business with local character, local management and local sports and entertainment production,” Mr Delany said. “DAZN’s ownership will provide us with access to global reach and the infrastructure and technology to support our continued transformation. “We are grateful to News Corp and Telstra for their unwavering support over the past 30 years. “With News Corp’s guidance and support, we have reinvented the Foxtel Group as a growth business with 4.7 million subscribers.” DAZN’s acquisition promises more international sports for Foxtel and Kayo subscribers and new opportunities to bring Australian sports to DAZN’s global audience. CEO of DAZN Shay Segev said the deal unlocked potential for both Australian sports and global streaming. “Australians watch more sport than any other country in the world, which makes this deal an incredibly exciting opportunity for DAZN to enter a key market,” he said. CEO of News Corp Robert Thomson described the transaction as a victory for shareholders, DAZN and sports fans. “Foxtel has been transformed into a genuine digital and streaming leader in Australia, and we believe DAZN is the right owner to take the business to the next level,” he said. “This transaction also allows News Corp to focus on our other growth pillars while benefiting from repayment of our shareholder loans and an improved credit profile.” The deal has been made subject to regulatory approvals.
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