Should the deal go ahead, the billionaire financier would part-own broadcasters in 45 US states Liberal financier George Soros has bought a major stake in the US’ second-largest radio company and could gain “effective control” of more than 220 stations across the country, the New York Post reported on Wednesday. Soros Fund Management purchased around $400 million of debt owed by the Audacy media group during its bankruptcy process, the newspaper reported, citing court filings. The billionaire bought the debt at roughly 50 cents on the dollar from hedge fund HG Vora, the report continued, noting that once the deal
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