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Dominion CEO Says 'It's Just A Matter Of Time' Before They Go Out Of Business. The voting software company secured a $787.5 defamation settlement with Fox News, but that's not enough to save the business, CEO John Poulos said.
Private equity firm Staple Street Capital valued Dominion at $80 million when it purchased a controlling stake in it in 2018. The Fox settlement was nearly 10 times that amount and far outstripped the $226 million average of four pre-election valuations cited in Fox's court papers.
Fox Corp.'s $787.5 million settlement with Dominion Voting Systems over defamation charges is eye-popping, but the ultimate cost to the media company is likely to be much lower.
Guests who often appeared during these segments included Rudy Giuliani and Sidney Powell. Dominion was represented by law firms Clare Locke, Farnan LLP, and Susman Godfrey. Fox retained Clement & Murphy, DLA Piper, Ellis George Cipollone, Lehotsky Keller, Richards Layton & Finger, and Winston & Strawn.