The satirical news publication The Onion won the bidding for Alex Jones’ Infowars at a bankruptcy auction, backed by families of Sandy Hook Elementary School shooting victims whom Jones owes more than $1 billion in defamation judgments for calling the massacre a hoax.

The satirical site will immediately shut down the infamous conspiracy platform and work with leading gun safety organization to turn it into humor site.

The satirical news publication The Onion won the bidding for Alex Jones’ Infowars at a bankruptcy auction, backed by families of Sandy Hook Elementary School shooting victims whom Jones owes more than $1 billion in defamation judgments for calling the massacre a hoax,

The Onion, the satirical news company that repeatedly spoofed conspiracy theorist Alex Jones, has won the bankruptcy auction for control over his media empire — most notably Infowars, the far-right, conspiracy-minded website that served as Jones’ primary online platform.

By Dietrich Knauth NEW YORK (Reuters) -Like a headline befitting the Onion, the parody news website is buying conspiracy theorist Alex Jones' Infowars in a bankruptcy auction. The Onion said in a statement on Thursday it aims to replace "Infowars' relentless barrage of disinformation" with the Onion's "noticeably less hateful disinformation.

A statement from the attorney of eight families affected by the tragedy said those parents had “agreed to forgo a portion of their recovery to increase the overall value of The

Conspiracy theorist Alex Jones is no longer the owner of Infowars. Satirical media company The Onion won the bidding to purchase Infowars, and did so with the backing of the families who lost children in the Sandy Hook Elementary mass shooting.