- Frontier by Valkence
- Posts
- Mark Cuban Says He Wants To Buy X (Twitter) and Fox News
Mark Cuban Says He Wants To Buy X (Twitter) and Fox News
Mark Cuban reveals his interest in buying Fox News and X, formerly Twitter, during a recent interview. However, he admits that financial and ownership barriers make these acquisitions unlikely
Mark Cuban / X
In a recent conversation with Wired's Lauren Goode, Mark Cuban shared his ambition to acquire both Fox News and X, formerly known as Twitter. Despite his expressed interest, Cuban acknowledged that these acquisitions are unlikely due to significant financial and ownership challenges.
Cuban, known for his role on "Shark Tank," revealed his willingness to purchase Fox News if circumstances permitted. He described the idea as appealing but also acknowledged the prohibitive costs associated with such a venture. Cuban estimated the acquisition price of Fox News could range between $15 billion to $20 billion, a sum he admitted is beyond his current financial reach.
During the interview, Cuban cited his dissatisfaction with the so-called "Fox News generation," a term he uses to describe his generation's shift in values. He contrasted this with his earlier experiences of the counterculture era, marked by a spirit of rebellion and social change, which he finds incongruent with the current conservative outlook associated with Fox News.
Cuban’s ambitions extend to X as well, where he expressed frustration with Elon Musk’s leadership. Cuban has been vocal about his dissatisfaction with the platform's direction since Musk's acquisition and subsequent rebranding of Twitter. However, Cuban recognized that Musk, who acquired the platform in October 2022 and renamed it X in July 2023, is unlikely to entertain a sale.
Despite Cuban’s frequent critiques of Musk’s changes, he maintains a somewhat playful rivalry with the tech mogul. Cuban has openly enjoyed engaging with Musk, referring to it as "fun sparring."
Fox News nor X (Formerly Twitter) has responded to Cuban’s statements at this time.
Reply