The Onion Acquires Alex Jones' Infowars

The deal with a court-appointed administrator could help repay more than $1 billion Jones owes in defamation judgments.

The Onion's CEO Ben Collins confirmed that several comedians have already been hired to run the site as a satire of its former self.

Jones has vowed to fight the takeover, urging his audience to purchase merchandise to fund a legal battle.

A Texas judge is expected to review the final terms of the licensing agreement this week.