Is Fox News owned by the same company that owns its legal adversary Dominion Voting Systems?
That unlikely scenario caught fire on social media soon after news broke that Fox and its top primetime host Tucker Carlson had parted ways.
The cable network agreed April 18 to pay the voting technology company Dominion Voting Systems $787.5 million to settle its defamation lawsuit against Fox.
"Blackrock owns 59.M shares of Dominion," read an April 24 post on Facebook. "Blackrock owns 45.7M shares of Fox. Blackrock sued itself and fired Tucker Carlson as part of that lawsuit."
This post was flagged as part of Facebook’s efforts to combat false news and misinformation on its News Feed. (Read more about our partnership with Meta, which owns Facebook and Instagram.) Similar claims were also shared thousands of times on Twitter.
BlackRock Inc., a large financial investment management company, does not own Dominion Voting Systems.
Dominion Voting Systems Corp. is owned, in part, by a private equity firm known as Staple Street Capital in New York. Staple Street Capital LLC acquired a 76.2% stake in Dominion Voting Systems in 2018 for $38.8 million. Dominion’s CEO and co-founder John Poulos owns about 12% of the company.
In a statement, Dominion Voting Systems said claims that it was owned by BlackRock were false. Dominion, which is privately held, is owned by Staple Street Capital and its employees, the statement said.
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