"Fox News host Laura Ingraham is joining a business venture that includes Donald Trump Jr after she repeatedly criticized the business dealings of another president's son: Hunter Biden. Ingraham, Trump Jr and Chamath Palihapitiya, a business associate of Donald Trump's eldest son and namesake, were all listed as board members of a new venture seeking to go public on the stock market, according to Bloomberg."
"The announcement emphasizes the growing coziness between Fox and the Trump family. In February, Fox launched a weekend show featuring Lara Trump, Trump's daughter-in-law who joined the network as a contributor in 2021. While the network, during Joe Biden's Oval Office term, had appeared to grow cold toward Trump, it has fully embraced his second presidency. Ingraham, a longtime star of the network, was a vocal critic of Hunter Biden and his business dealings while his father was vice-president under Barack Obama."
"It purports to fund the next chapter of American Exceptionalism and help Make America Grow Again. A filing for the company, Colombier Acquisition Corp III, has designated it as a special-purpose acquisition company, or Spac, which is a shell company that raises money on the stock market before merging with an existing company that isn't on the market yet. The company is looking to raise $260m in its initial public offering (IPO)."
Laura Ingraham is listed as a board member of Colombier Acquisition Corp III alongside Donald Trump Jr. and Chamath Palihapitiya. The company is a special-purpose acquisition company (SPAC) seeking to raise $260 million in an initial public offering to fund the "next chapter of American Exceptionalism" and "Make America Grow Again." The filing describes a SPAC as a shell company that raises money on the stock market before merging with a privately held company. The announcement highlights growing ties between Fox News and the Trump family, including a weekend show featuring Lara Trump. Ingraham repeatedly criticized Hunter Biden, mentioning him over 150 times and likening the family to the Corleones after a controversial pardon.
Read at www.theguardian.com
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