• Railcar8095@lemm.ee
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    7 days ago

    A rival bidder associated with Jones, First United American Cos., offered $3.5 million in cash, or twice as much cash as The Onion’s parent company. First United American is a limited liability company affiliated with Jones’ dietary supplements business, and its bid had Jones’ blessing.

    The reporting is OK, you need to read past the headline

    • atzanteol@sh.itjust.works
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      7 days ago

      Piss off? I read the rest of the article. In fact it says this:

      It was not immediately clear whether there would be a new auction in which The Onion could bid again for Jones’ assets. Lopez said he would leave the decision about what to do next in the hands of the trustee, Christopher Murray, who had overseen the auction.

      That is a far cry from they are giving the one with the highest bid the chance to make it even bigger by a long shot.

      So no need to be weirdly aggressive about my reading skills. The reporting so far is thin and being done by reporters who don’t know the law enough about what happens next.