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Fox Stares Down $2.7 Billion Smartmatic Suit After Dominion Deal

  • Voting technology company sued over 2020 election fraud claims
  • Fox calls out ‘phantom losses,’ says it expects trial in 2025
Dominion And Fox News Reach Settlement In Defamation Case
Photographer: Spencer Platt/Getty Images

Putting lawsuits behind you can get expensive.

Fox Corp. started 2023 with about $4 billion in cash — and a pair of high-stakes defamation suits over Fox News election broadcasts that threatened to eat much of it up. The company settled one, by Dominion Voting Systems Inc., on Tuesday for $787.5 million. A related suit seeking $2.7 billion raises the possibility of another big settlement. Fox says it will fight.