SATIRICAL news site The Onion has purchased far-right outlet Infowars after it was forced into bankruptcy as a result of Alex Jones’s legal cases.

The publication, best known for its comedic take on current news events, won the rights to acquire Infowars at a bankruptcy auction.

Infowars fell into bankruptcy after Jones was sued by the families of the victims of the mass shooting at Sandy Hook Elementary School. He had falsely claimed the victims of the 2011 tragedy were still alive.

READ MORE: Judge rules Alex Jones’ assets to be sold to help pay Sandy Hook debt

The families won a $1.4 billion defamation case against Jones and his company Free Speech Systems.

It is unknown how much The Onion paid for the acquisition at the auction, but they have said the bid to buy the property of Free Speech Systems including the intellectual property, website, customer lists, inventory, certain social media accounts and the production equipment used to platform Jones was approved by the families of the victims.

The Onion released a statement from Bryce P Tetraeder, the fake CEO of "Global Tetrahedron", saying that they will put: “The entire stock of the InfoWars warehouses into a large vat and boil the contents down into a single candy bar–sized omnivitamin that one executive (I will not name names) may eat in order to increase his power and perhaps become immortal.”

READ MORE: Alex Jones concedes Sandy Hook attack was ‘100% real’

The Connecticut families have also gave up a portion of their settlement to assist in sponsoring the bid made by The Onion, helping to ensure the bid was successful.

Ben Collins, actual CEO of The Onion, said: "Hi everyone. The Onion, with the help of the Sandy Hook families, has purchased InfoWars. We are planning on making it a very funny, very stupid website. We have retained the services of some Onion and Clickhole Hall of Famers to pull this off. I can't wait to show you what we have cooked up."

The Onion plans to relaunch Infowars in January 2025 as a parody of itself that mocks “weird internet personalities” like Jones.