Fox News is embroiled in a defamation lawsuit brought forth by Dominion Voting Systems over unverified claims in regards to the security of the 2020 presidential election. Radio host Mark Simone believes the math doesn’t add up.
While discussing the trial on 710 WOR Monday, Simone pointed out that the company’s valuation makes it hard to believe it has suffered $1.6 billion in damages.
“Do you know that in 2018 Dominion was sold? Somebody bought Dominion and they paid $38 million for 75% of it. So that would make the whole company worth about $60 million, right? So how are they suing for $1.6 billion in damages? The whole company is only worth $60 million,” Simone said.
He then joked that Fox News should consider just ponying up the money to purchase the company outright.
“If they went into court and they figured out the damage was so bad to the whole company, it’s only worth $60 million. If I were Fox, I’d just go buy it for $60 million. Offer $80 million. Just buy it. Might be the way to go.”
Reports have surfaced that Fox News attempted to settle the lawsuit out of court. However, Dominion Voting Systems has reportedly denied those advances by the cable outlet.
