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Iranian opposition news site got $800m in debt relief: Report

Middle East Eye United Kingdom
Iranian opposition news site got $800m in debt relief: Report
Iranian opposition news site got $800m in debt relief: Report An $870m debt-relief deal suggests that Iran International, an Iranian opposition outlet, has ties to Saudi Arabian investors, according to a Financial Times report on Thursday. The links stem from documents related to a debt-for-equity swap that Iran International conducted in December to shore up its finances. Iran International has spent hundreds of millions of dollars since its founding in 2017 by British-Saudi investors, the FT reported. According to the report, Iran International’s parent company, Volant Media UK, has lost more than $550m over the past five years, and it owes related entities about $645m. Those numbers came from documents that the FT reported as covering the financial year ending December 2024. Iran International says it is the “most popular Persian speaking foreign based news channel in Iran”. Read more: Iranian opposition news site got $800m in debt relief: Report
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