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Top related persons:
Donald Trump - 1 Evelyn Hockstein - 1 Donald Trump's - 1 TMTG - 1 Svea Herbst - 1 Bayliss - 1 Emelia Sithole - 1 Paul Simao - 1
Top related locs:
Iowa Des Moines , Iowa U.S
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Fair - 1 REUTERS - 1 U.S - 1 Trump Media & Technology - 1 U.S . Department of Justice - 1 Securities and Exchange Commission - 1 SEC - 1 Trump Media - 1

Search resuls for: "Svea Herbst-Bayliss Helen Coster"


2 mentions found


☆ Digital World investors vote for extension to finish deal with Trump media firm
  + stars: | 2023-09-05 | by ( Svea Herbst-Bayliss Helen Coster | Svea Herbst-Bayliss | Helen Coster | ) www.reuters.com   time to read: +2 min
Digital World needed to get 65% of its roughly 400,000 shareholders to vote to approve the extension. Shares of Digital World were trading at $16.80 on Tuesday, up 1.8% on the day but down from a peak of around $97 a share in March, 2022. Digital World has faced a series of challenges since the October 2021 announcement that it was planning to acquire TMTG. If DWAC's deal with TMTG closes, Trump Media would gain access to more than $1 billion in cash from DWAC's institutional investors, such as hedge funds. According to a Feb. 2, 2021 services agreement, Trump controls 90% of Trump Media.
Persons: Donald Trump, Evelyn Hockstein, Donald Trump's, TMTG, Svea Herbst, Bayliss, Emelia Sithole, Paul Simao Organizations: Fair, REUTERS, U.S, Trump Media & Technology, U.S . Department of Justice, Securities and Exchange Commission, SEC, Trump Media, Trump, Reuters, Svea, Thomson Locations: Iowa, Des Moines , Iowa, U.S
☆ Dominion Voting owner says Fox held accountable even without apology
  + stars: | 2023-04-20 | by ( Svea Herbst-Bayliss Helen Coster | Svea Herbst-Bayliss | Helen Coster | ) www.reuters.com   time to read: +5 min
NEW YORK, April 20 (Reuters) - The co-head of the private equity firm that owns Dominion Voting Systems said the company's $787.5 million settlement with Fox Corp (FOXA.O) held Fox accountable for spreading lies even if it did not apologize or admit wrongdoing. The settlement came with no apology or admission of wrongdoing on behalf of Fox, just an acknowledgement of the court's rulings finding some claims about Dominion to be false. Dominion and Staple Street achieved their goals by exposing the truth and Fox News' "offensive" actions and getting the media company to pay for them, Yaghoobzadeh said. In a statement following Tuesday's settlement, Fox said it was committed to the highest journalistic standards. Dominion funded the litigation through its own resources, without Staple Street or a third party providing financial backing, Yaghoobzadeh said.
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