The humor website The Onion has successfully bid for Alex Jones’ Infowars, a media platform that was auctioned off to settle the over $1 billion debt he owes to the families affected by the Sandy Hook shooting.

In a social media post on Thursday, Jones announced the shutdown of Infowars, confirming its acquisition by The Onion. He lost a defamation case in 2022 after families claimed that he promoted conspiracy theories falsely suggesting the Sandy Hook massacre was staged.

The families support this acquisition, as confirmed by a statement from Everytown for Gun Safety, a gun violence prevention organization.

According to the statement, The Onion intends to cease Infowars’ constant spread of misinformation about products while replacing it with their signature humor. Everytown for Gun Safety plans to run advertisements on the revamped platform as well.

The Onion announced the acquisition with its characteristic comedic style.

“The Onion is delighted to take over Infowars and is eager to continue its notorious tradition of misleading users until they part with their money,” said The Onion’s CEO Ben Collins in a statement. “We’re also open to Bitcoin.”

The Onion also released a satirical statement from its parent company CEO, who jokingly identifies as a “chairman, media owner, entrepreneur, human trafficker, thought leader, and venture capitalist.” This announcement specifically criticized Infowars’ supplement offerings.

“We will immediately cease the sale of vitamins and supplements. It makes little sense to compromise even one CEO’s life for a few minutes by distributing these so-called miracle cures,” the statement noted. “Our goal is to combine the entire stock of Infowars products into a single massive omnivitamin that a particular executive (no names mentioned) might consume to possibly enhance his abilities, or even gain immortality.”

The Onion plans to relaunch Infowars in January.

Chris Mattei, the lawyer for the Sandy Hook victims’ families, mentioned that they turned down “insincere offers” from Jones related to receiving more money in exchange for allowing him to continue operating Infowars.

“With this move, the families and The Onion have served the public good by significantly limiting Jones’s capacity to inflict more harm,” Mattei remarked in his statement.

(This article has been updated with additional details.)