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by gorner 3879 days ago
Some of the nuance has been lost in the media coverage. The National Geographic Society will still exist as a non-profit, but it is selling control of its media assets to Fox (and presumably would use the proceeds to fund its remaining charitable work).
1 comments

Does the IRS look into sales like this to ensure that the assets were sold for a reasonable price? It seems like that would be a pretty big loophole if not.
I'm missing why it's a loophole. Under what circumstances would both parties agree to a sale at an unreasonable price?