Robert Mercer Backs Sen. Ted Cruz, Breitbart News Network

Apr 13 2015 | 4:47pm ET

Robert Mercer, the co-CEO of Renaissance Technologies, is one of the largest investors in the Breitbart News Network, according to a report by Politico.

On Monday, the blog On Media reported that Mercer, who is also one of the top political supporters of Sen. Ted Cruz (R-Texas), has been a major backer of the conservative-leaning news and opinion site. Breitbart News Network was founded by conservative publisher Andrew Breitbart, who passed away in March 2012.

Given Mercer's ties to a number of pro-Cruz Super political-action committees (PACs), the report raised concerns about Breitbart's future coverage of the Cruz campaign; however, it noted that the media company's stories about the Presidential contender has been critical. As noted, the site said that Cruz was "poorly matched to defeat Hillary [Clinton]" in a recent article. 

Mercer has allocated more than $15 million to conservative political candidates and committees since 2012. The pro-Cruz PACs have raised more than $31 million to date. 

In a statement, Breitbart spokesman Kurt Bardella said the media company is "a for-profit operation and we do not discuss our investors."

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