Robert Mercer Sells Stake in Breitbart Citing Disagreements With Bannon and Milo
Looks like the alt-right’s sugar daddy is out:
Hedge fund giant Robert Mercer dropped two bombshells today. The multi-billionaire, who has been a vocal and financial supporter of President Donald Trump, announced that he is stepping down from his role as co-CEO of hedge fund Renaissance Technologies LLC.
Additionally, Mercer is selling his stake in Breitbart News, having originally invested $11 million in the far-right news organization in 2011. The 71-year-old cited “personal reasons” for selling off his part of the company, which recently re-instated former White House Chief Strategist Steve Bannon as executive chairman.
And it looks like Milo will be back to whatever the fuck he was doing before Bannon found him.
“I supported Milo Yiannopoulos in the hope and expectation that his expression of views contrary to the social mainstream and his spotlighting of the hypocrisy of those who would close down free speech in the name of political correctness would promote the type of open debate and freedom of thought that is being throttled on many American college campuses today,” he wrote.
“But in my opinion, actions of and statements by Mr. Yiannopoulos have caused pain and divisiveness undermining the open and productive discourse that I had hoped to facilitate. I was mistaken to have supported him, and for several weeks have been in the process of severing all ties with him.”
Translation: “I supported Milo because people kept calling him a Nazi. Turns out, they were right”.
He’s not distancing himself too far though. His freaky, Milo lovin’ spawn will be taking over.
Mercer has announced that he is selling it off to his daughters, Rebekah Mercer, Jennifer Mercer and Heather Sue Mercer.