LinkedIn billionaire bankrolls voting firm Smartmatic as it fights Fox News in 2020 election defamation case | CNN Business

New York CNN  — 

LinkedIn co-founder Reid Hoffman is providing significant financial firepower to Smartmatic as the voting technology company fights Fox News and Newsmax over the right-wing networks’ repeated airing of 2020 election lies.

Hoffman, a billionaire venture capitalist and prominent Democratic donor, framed his multimillion-dollar investment in Smartmatic as a way to strengthen the company’s global operations as it pursues the costly defamation lawsuits.

“Smartmatic built a global business by using technology to better engage citizens, regardless of party or ideology, by making voting simple and trustworthy,” Hoffman said in a statement. “After Donald

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