James Murdoch, former chief executive of Twenty-First Century Fox, is making a seven-figure investment in start-ups aimed at tackling fake news, The Finiancial Times reported https://on.ft.com/38pRQrR on Thursday.
Murdoch's holding company, Lupa Systems, has partnered with New York-based startup incubator Betaworks to fund an accelerator to tackle disinformation and foster a "more sustainable news ecosystem," the report said.
Last year, the Financial Times reported that Murdoch had set to invest about $1 billion in a new portfolio of media companies that could include a liberal-leaning news outlet.
(Reporting by Amal S in Bengaluru)
Founder of Rawkus Entertainment, Quadrivium Foundation and Lupa Systems LLC, James Rupert Murdoch is an American entrepreneur and businessperson who has been the head of 9 different companies and presently holds the position of Chief Executive Officer of 21st Century Fox America, Inc. and Chief Executive Officer for Lupa Systems LLC. He is also on the board of 11 other companies. In his past career he was Chairman at Rawkus Entertainment, Chairman of Sky Ltd., Executive Chairman & Chief Executive Officer for News Corp UK & Ireland Ltd., Chairman for Sky Italia Srl, Chairman & Chief Executive Officer at STAR Group Ltd., Member-Supervisory Board at Sky Deutschland GmbH, Chief Executive Officer & Director at TFCF Corp. and Non-Executive Director at Genelabs Technologies, Inc.
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| Lupa Systems LLC | Chief Executive Officer |
Seven Islands, Inc.
 Seven Islands, Inc. Financial ConglomeratesFinance Seven Islands, Inc. operates as a blank check company. It is formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses. The company was founded on February 22, 2021 and is headquartered in New York, NY. | Chairman |
