Elon Musk Confirms Shocking Plan to Take Over FOX News in $70 Billion Power Play — Names Tucker Carlson as Incoming CEO in a Move That Could Reshape American Media Forever… What Will Happen to Hannity, Watters, and the Murdochs?

In a media bombshell that’s already reverberating across political and journalistic circles, tech mogul Elon Musk has confirmed that he is preparing a formal bid to acquire FOX News in what insiders are calling the “most disruptive media play in modern history.” But it isn’t just the $70 billion price tag or the aggressive tone of the deal that has shocked analysts — it’s Musk’s choice for CEO: none other than Tucker Carlson.

Yes, that Tucker Carlson — the former primetime powerhouse who left FOX in 2023 amid corporate controversy and quickly re-emerged with a direct-to-audience show that drew millions of views online. Now, if Musk’s plan succeeds, Carlson will be returning to FOX — not as a host, but as its top executive. And according to internal documents leaked late Sunday night, Carlson has already begun quietly assembling a “reform cabinet” aimed at transforming FOX from a traditional news channel into what’s being called “the world’s first AI-powered, decentralized news platform.”

“The current media landscape is broken,” Musk reportedly said in a private call with investors. “Truth is no longer profitable. This acquisition is about fixing that — and I believe Tucker is the only person in media today with the spine, brains, and independence to help lead that charge.”

A Bid to Shake the Foundations

Musk’s aggressive push to purchase FOX is raising eyebrows not only for its sheer scale — reportedly rivaling Disney’s acquisition of 21st Century Fox’s entertainment assets — but also for its implications. According to filings reviewed by media analysts, Musk’s holding company, X Holdings, began quietly acquiring shares in FOX Corporation as early as February. Now, with support from a coalition of libertarian-leaning investors, a formal offer is expected within weeks.

Already, the Murdoch family is said to be “deeply divided” over the approach. While some sources say Rupert Murdoch views Musk as “too volatile,” insiders claim Lachlan Murdoch has been more receptive — especially amid declining ad revenue and shareholder unrest over recent scandals.

But what happens to existing FOX stars? According to a leaked personnel chart labeled “FOX: Phase Two,” sweeping changes are coming. Sean Hannity’s role would be “restructured,” while Jesse Watters is expected to be offered a non-editorial position. Laura Ingraham’s future, however, remains uncertain.

Tucker Carlson’s appointment as CEO appears to be central to Musk’s vision — and not merely symbolic. Under the proposed model, Carlson would oversee a network that integrates SpaceX’s satellite internet infrastructure (Starlink) with Tesla’s Dojo AI system to deliver hyper-personalized newsfeeds to viewers globally. A leaked pitch deck refers to this as “News 3.0.”

“Free Speech Is Not for Sale — But It Can Be Reclaimed”

In a now-viral X post following the leaked reports, Carlson wrote:

“I never expected to go back. But what Elon is building isn’t FOX News as we knew it. It’s something far more revolutionary. If they let us, we’ll make media honest again.”

The post has already drawn praise from some political figures and harsh criticism from others. Alexandria Ocasio-Cortez called the move “a direct threat to the integrity of American journalism,” while Senator J.D. Vance applauded the potential acquisition as “a victory for transparency and the decentralization of power.”

What’s Next?

As of this writing, neither FOX News nor the Murdoch family has publicly confirmed any talks, though a FOX Corporation board meeting has been scheduled for next Monday — with “unscheduled agenda items” reportedly added. Legal experts are now weighing in on the antitrust implications of such a deal, especially given Musk’s already sprawling media influence through X (formerly Twitter).

Still, Musk seems undeterred. In a brief, cryptic message posted to X shortly after the news broke, he wrote:

“They’ve had their turn. Now it’s ours…”

What this means for the future of FOX — and the future of journalism itself — remains uncertain. But one thing is clear: the age of passive, legacy media may soon be over.