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Re:Judge Refuses to Allow Sale of Infowars to The Onion by JumpCrisscross on Wednesday December 11, 2024 @10:02AM (#42388410)
> went to the bidder that would result in the two largest debtors being the happiest with the outcome but that bidder didn't bid the most money in a regular manner

The creditors own the asset. If every dollar the creditors are owed voted, which bid would they choose?

Re:Judge Refuses to Allow Sale of Infowars to The Onion by munk-a on Wednesday December 11, 2024 @10:12AM (#42388509)
The onion bid - by far. If the bid was chosen by creditors weighted by owed value the Connecticut families would solely dictate the terms as they are owed more than 90% of the value resulting from this auction.
Re:Judge Refuses to Allow Sale of Infowars to The Onion by toomuchtodo on Wednesday December 11, 2024 @10:12AM (#42388514)
> The creditors own the asset

If this is the case, dollars voted are less important than outcome value to the creditors. It is their asset, no? They are assigning value and signaling accordingly.

Re:Judge Refuses to Allow Sale of Infowars to The Onion by JumpCrisscross on Wednesday December 11, 2024 @10:20AM (#42388620)
> dollars voted are less important than outcome value to the creditors. It is their asset, no?

Sure. I’m trying to approximate a metric that gives their weighted interest. My point is the owners of the asset are selling it, and it seems their interests are obviously maximised by one bid.