National: Dominion speaks out after Fox News settlement | Dan Primack/Axios
Fox News, one of America’s most powerful media companies, earlier this month agreed to pay $787.5 million to settle a $1.6 billion defamation lawsuit brought by Dominion Voting Systems, related to false statements made about Dominion on Fox‘s air.
John Poulos, CEO of Dominion Voting Systems: We founded the company in 2003. The first check was from my sister for $50,000. We survived and grew in the following years, really relying on friends and family. By the time we got to 2017, heading into 2018, two things happened: One was the friends and family were looking for an exit. We hadn’t distributed anything, not even a dollar to our investors, even though we had grown substantially. So we hired an investment bank in late 2017. They identified a number of interested parties, one of which was a strategic that wanted to buy 100% of the equity. We weren’t interested. As part of that process, I met Hootan.
Full Article: Dominion speaks out after Fox News settlement