Struggling social media business Moko Social Media Ltd. (Nasdaq: MOKO) is selling its political commentary unit to True Blue Media LLC, a company owned by the founder of Media Matters, which counts U.S. presidential candidate Hillary Clinton among former advisers.

Media Matters, founded in 2004 by David Brock, is a politically liberal organization based in Washington, D.C., "dedicated to comprehensively monitoring, analyzing and correcting conservative misinformation in the U.S. media," according to the organization's website.

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