Private Equity Firm Has 1,500% Gain on Fox’s Dominion Payout (1)

The biggest winner from Fox News’ $787.5 million settlement with Dominion Voting Systems Inc. is a New York private equity firm that’s walking away with a return on its investment of more than 1,500%.

Staple Street Capital LLC acquired a roughly 76% stake in the voting technology company in 2018 for $38.8 million, unaware that Denver-based Dominion would become a household name within just a few years for all the wrong reasons — falsely accused by former President Donald Trump and his allies for rigging the 2020 election in favor of Joe Biden.

Dominion sued Fox for defamation, ...