FACT CHECK: Elon Musk Said He Would Buy Fox News?

Newsmax host Greg Kelly said he heard Elon Musk was looking to buy Fox News and said that sounded “VERY interesting.”

Wow! Did you hear what I JUST HEARD? That @elonmusk is looking at BUYING Fox News?!?! VERY interesting!” Kelly tweeted.

Is this true?

Is Elon Musk seriously considering buying Fox News?

A quick fact check shows this is NOT true.

Kelly’s tweet got an instant Twitter community note.

“An Elon Musk parody account (@ElonMuskAOC) tweeted ‘Should I just buy Fox News and CNN?’, to which Elon Musk responded with laughing emojis. So, Elon Musk is not looking to buy Fox News,” the community note read.

Wow! Did you hear what I JUST HEARD? That @elonmusk is looking at BUYING Fox News?!?! VERY interesting! pic.twitter.com/Ogs4U2E1xP

— Greg Kelly (@gregkellyusa) July 18, 2023

“Should I just buy Fox News and CNN? Probably would be best for everyone,” Elon Musk (Parody) wrote.

Elon Musk responded with laughing emojis.

😂😂

— Elon Musk (@elonmusk) July 18, 2023

“Buy ‘em and turn them off,” Elon Musk (Parody) responded.

Buy ‘em and turn them off

— Elon Musk (Parody) (@ElonMuskAOC) July 18, 2023

Other Twitter users replied to the Elon Musk (Parody) tweet:

https://twitter.com/RichardGrenell/status/1681474327558987777

https://twitter.com/maxberger/status/1681389803378442248

Everyone is getting fooled by this tweet & claiming @elonmusk wants to buy Fox News. https://t.co/KDUJI9XxJR

— Noah B. (@tundrafan76) July 18, 2023

Although Elon Musk has never publicly expressed interest to acquire Fox News or CNN, HITC explained that it’s possible if Musk wanted to explore a potential purchase.

From HITC:

Fox News is a part of the Fox Corporation that’s owned by the Murdoch family with media mogul Rupert Murdoch serving as its Chairman of the Board.

As of July 2023, Fox is estimated to be worth $16 Billion, represented by its market capitalization.

CNN, on the other hand, is owned by Warner Bros. Discovery, with its valuation estimated to be anywhere between $8 and $12 billion.

Considering the net worth of Elon, which is estimated to be $256.2 Billion as of July 2023, he can afford to buy both news networks if he wishes to.