Fox News reportedly in talks to buy satire news portal theOnion.com for $50 million

New York: Fox News is reportedly in talks to acquire TheOnion.com for “around $50 million”, according to a report by Huffington Post.

Fox News is a big player in news industry in the United States. TheOnion.com is the most popular satire news portal in the United States of America. TheOnion and Fox News make sense for a few reasons. First, Fox News is a big player in the industry, and TheOnion is the most popular satire news portal in the United States.

Additionally, TheOnion would almost certainly rather sell to Fox News than a news company like CNN.

Win-Win Situation for TheOnion and Fox News

TheOnion will get a good sell price from Fox News, and Fox News will get a large reader-base with active community.

“If the news are correct, then it is the best valuation for a company like TheOnion and it is a win-win situation for both companies”, said an analyst who is expert in acquisition.

Read also: Fox News is voted 8th wonder of the world

“Fox News is the best organization where TheOnion can grow exponentially”, said an executive of TheOnion on condition of anonymity in a telephonic talk.

World News Express have tried to contact Roger Ailes, the CEO of Fox News Channel but he didn’t picked the call. WNE also written an email to get the confirmation on about this acquisition details.

About TheOnion

The Onion was founded in 1988 in Madison, WI by Tim Keck and Christopher Johnson. While Onion Inc. was founded in 1988 and headquartered in Chicago, USA. The company has an employee base of 70 people.

World News Express is reporting this news first.

We have been reaching out to sources but have been unable to confirm the acquisition rumor. We’ll update this story as soon as we know more.

First published on May 5, 2015.

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