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In Silicon Valley’s new political moment, four billionaires in particular — LinkedIn founder Reid Hoffman, Facebook co-founder Dustin Moskovitz, philanthropist Laurene Powell Jobs, and former Google CEO Eric Schmidt — have the most ambitious plans, according to Recode’s interviews with over 20 donors and operatives. The chess moves of this power set are instrumental to fulfilling Democrats’ — and much of Silicon Valley’s — four-year quest to oust Donald Trump.
And yet each of these billionaires is moving their pieces with varying levels of secrecy, and often with minimal disclosure, scrutiny, or accountability.
David G. Bradley, the chairman and owner of Atlantic Media, is announcing this morning that he is selling a majority stake in The Atlantic to Emerson Collective, an organization led by philanthropist and investor Laurene Powell Jobs. Bradley will retain a minority stake in The Atlantic and will continue as chairman and operating partner for at least three to five years. In a letter to his staff, Bradley wrote that Emerson Collective will most likely assume full ownership of The Atlantic within five years.