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Newsmax reveals it agreed to pay Smartmatic $40M in settlement with the voting machine company

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Newsmax agreed to pay Smartmatic $40 million as part of a settlement last year following the election defamation lawsuit against the right-wing news outlet.

The settlement, reached in September , included a cash payment and an option to purchase stock in Newsmax .

Smartmatic settled a related defamation lawsuit in April last year against One America News for a similar sum.