The Onion Acquires Infowars

Under the proposed agreement, The Onion's parent company will license the Infowars name and website address from a court-appointed manager.

This move comes as Jones faces liquidation to pay over $1 billion in defamation judgments related to his false claims about the 2012 school shooting.

Comedian Tim Heidecker is reportedly involved in the project, which aims to transform the misinformation hub into a satire platform.

A Texas judge must still grant final approval for the deal to take effect.