Dominion was “irreparably damaged” by Fox’s airing of false claims that its voting machines helped steal the 2020 US election, the company’s main investor said, a day after landing a historic $787.5mn settlement from the conservative broadcaster.
Three acquisitions set to go ahead before the news network began airing claims that Dominion’s devices were responsible for Donald Trump’s loss will no longer be pursued, Hootan Yaghoobzadeh, the co-founder of private equity firm Staple Street Capital, told the Financial Times on Wednesday.
“There’s just no point?.?.?.?the brand has been irreparably damaged and harmed,” Yaghoobzadeh, whose firm bought a majority stake in Dominion in 2018, added. “If you’re an election official and in a state?.?.?.?even where 10 per cent or 20 per cent of your constituents believe these lies about Dominion or some percentage, it’s a more difficult option to pick.”