Citing sources familiar with the matter, the Wall Street Journal reports that Carlson and Patel are seeking to raise more than $100 million to start a new company that could potentially be built on Twitter.
A subscription-based model would drive traffic from Twitter to the company, where subscribers would be able to watch interviews and episodes in their entirety.
The company would eventually be adding shows in addition to Carlson’s “Tucker on Twitter,” sources told WSJ.
Carlson and Patel teamed up in 2010 to found the conservative Daily Caller digital news and opinion website, of which Patel still is the publisher.
Carlson left the Daily Caller in 2020. At the time, he was still hosting his prime-time show on Fox.
According to the WSJ, people familiar with the matter said Tucker Carlson’s team met with a Twitter team in recent weeks to discuss the endeavor — which would be in direct competition to other alternative platforms such as Rumble.
One meeting reportedly took place between recently-appointed Twitter CEO Linda Yaccarino and Carlson producer Justin Wells.
Carlson will be hosting the first presidential forum of the 2024 Republican primary through Blaze Media on Friday at 10 a.m.
The forum will include five candidates: Florida Gov. Ron DeSantis, former Vice President Mike Pence, Sen. Tim Scott of South Carolina, former South Carolina Gov. Nikki Haley, entrepreneur Vivek Ramaswamy, and former Arkansas Gov. Asa Hutchinson.
Former President Donald Trump, who holds double-digit leads in national primary polls, will not be attending the forum event, which is called “The Summit.”