The Onion Buys Infowars

Under the proposed agreement, The Onion would license Infowars' intellectual property from a court-appointed manager.

This move aims to generate funds to help Jones repay over $1 billion in defamation judgments owed to Sandy Hook families.

Alex Jones has criticized the move, accusing The Onion of attempting to 'steal his identity.' The deal still requires final approval from a bankruptcy judge to take effect.