The Onion deal for Infowars

The proposal involves licensing Infowars' intellectual property from a court-appointed manager as Jones' company undergoes liquidation.

This move follows more than $1 billion in defamation judgments owed by Jones to the families of Sandy Hook victims.

The Onion's CEO, Ben Collins, stated that the plan aims to turn a source of misinformation into a tool for satire.

Alex Jones has responded by accusing The Onion of attempting to 'steal his identity' as his media empire faces total collapse.