in 2011, the Mercers met conservative firebrand Andrew Breitbart at a conference. Almost immediately, they were intrigued with his far-right news organization, Breitbart News Network, expressing interest in funding its operations. Breitbart introduced the Mercers to his friend, Steve Bannon, a former Goldman Sachs banker, who drew up a term sheet under which the Mercer family purchased nearly 50 percent of Breitbart News for $10 million.
