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

submitted 2 weeks ago by Aatube@kbin.melroy.org 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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[–] themeatbridge@lemmy.world 14 points 2 weeks ago

Sealed bids encourage last and best offers, and prevent the deepest pockets from submitting a "highest plus one" bid that minimizes the proceeds from the sale.

This judge is either a dipshit or corrupt.