Dominion sued Fox News for $1.6 billion. Internal documents show the tech company is only worth $80 million at most, Fox says.
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Dominion sued Fox News for $1.6 billion, alleging it helped spread election conspiracy theories.
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But investors never believed Dominion would be worth more than around $80 million, according to Fox.
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Internal documents show Dominion is still in a healthy financial shape, Fox News said in a new filing.
When Dominion Voting Systems accused Fox News of helping spread conspiracy theories that Dominion manipulated the results of the 2020 election, it asked the conservative media network to pony up $1.6 billion.
Dominion had lost $600 million in potential profits on top of $1 billion in potential value, the technology election company wrote in its lawsuit, filed in March 2021. It also asked for another $1.3 million to cover expenses for private security and combatting disinformation about the company .
“As a