Hoffman is investing millions in Smartmatic, the electronic tabulator company suing Fox News and Newsmax for defamation following the 2020 election, according to The Washington Post. Hoffman said he intends to help keep the company afloat, as it has been pursuing expensive legal retribution against the outlets for their election reporting.

In a statement to The Washington Post, Hoffman claimed “Smartmatic became a target of the defamatory campaign to overturn [Trump’s] defeat.”

Source: thefederalist.com