Does Rupert Murdoch have his eye on Twitter?

Blog ››› ››› KARL FRISCH

As if his takeover of MySpace wasn't enough.

The Guardian reports on speculation that Rupert Murdoch, chairman of News Corp the parent company of Fox News, "could be ready to make a play for [Twitter]."

From The Guardian (emphasis added):

As the media world's most powerful figures gather in Sun Valley, Idaho to discuss the state of the industry the topics are likely to range far and wide. But aside from subjects like the economy and the influence of the internet, one question is likely to dominate conversations among the event's moguls and millionaires: will anyone broker a deal to buy Twitter?

The hyped internet company's chief executive, Evan Williams, is one of hundreds of faces attending the shindig - a high-profile but secretive event organised by investment group Allen & Co. The fact that his fellow attendees reads like a Who's Who of the internet industry - including Google boss Eric Schmidt, Amazon's Jeff Bezos, new AOL chief Tim Armstrong, and media magnates Barry Diller and Rupert Murdoch - has lead some to speculate that an acquisition could be on the cards.

Among those who believe a deal could be brokered at Sun Valley is journalist and entrepreneur Michael Wolff, who believes Murdoch could be ready to make a play for the San Francisco startup.

Talking to Yahoo, Wolff said that Murdoch showed no evidence of regretting the purchase of MySpace, the social network he bought in 2005 that recently underwent severe cutbacks.

"I don't think he feels that he was burned badly," he said. "They made a good deal and then the company soared to a theoretical valuation of $15bn. Where is it now? Certainly not at $15bn, but I think it's probably over $600m - though maybe not too much."

Wolff, who wrote a biography of the 78-year-old and now runs a news aggregation website, said that Twitter could add substance to Murdoch's online empire.

"I think they would say that they were caught," he said of the MySpace acquisition. 'They didn't have the technological heft to support this kind of company. Could they get that technological heft by adding Twitter to their formidable new media assets?"

For what it's worth you can follow me on Twitter @KarlFrisch and Media Matters @MMFA. Hurry before Murdoch kicks us off. Sigh.

Network/Outlet
Fox News Channel, Twitter, News Corp.
Person
Rupert Murdoch, The Guardian
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