Infowars was put up for auction by court order. Alex Jones owes more than $1 billion to the families of Sandy Hook school shooting victims.

The satirical news company plans to shutter Jones’ Infowars and rebuild the website featuring well-known internet humor writers and content creators, according to a person with knowledge of the sale.

For once, the “funniest possible outcome” is not an exaggeration. The Onion, the satirical news website that started as a newspaper in the 1980s, says it won a bankruptcy auction to acquire InfoWars, the fringe right-wing website founded in 1999 and run by conspiracy theorist Alex Jones.