Shark Tank billionaire Mark Cuban says he’d like to buy Fox News and X/Twitter

Billionaire Mark Cuban has said he would be interested in buying Fox News and Elon Musk’s X – but he can’t afford it.

The Shark Tank reality TV star was discussing the baby boomer generation – who he calls the “Fox News generation” and how you reach them.

“You buy Fox News,” he told Wired. “If I had enough money to do it, which I don’t, I’d buy it in a heartbeat.” Cuban, who sold his majority stake in the Dallas Mavericks NBA team earlier this year, explained how he cannot afford to purchase Murdoch’s network, despite his vast wealth.

Cuban, whose net worth is $5.7 billion according to Forbes, estimated it would take between $15 billion to $20 billion to turn the network around. “You’ve got to pay at least 50 per cent premium. So now it’s $22 billion. And then you’ve got to make all the changes, so that’s another $2 billion,” he said. “You can sell some things off. So maybe it’s $15 billion, $20 billion net. I don’t have $15 or $20 billion in cash sitting around.”

The billionaire investor first coined the “Fox News generation” term in a previous interview with the New York Times, where he lamented how his generation had gone from “sex, drugs and rock ‘n’ roll” to becoming people who “condemn Black Lives matters and watch Fox News in droves”. He said: “It’s so upsetting to me. You have no idea.”…