James Murdoch Makes Largest Deal Yet With Bet on Virtual Reality
- Mogul is building diverse portfolio after leaving Fox empire
- Former Lululemon CEO also is playing a role at VR business
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James Murdoch, heir to billionaire media magnate Rupert Murdoch, has added the biggest reported investment yet to his closely watched portfolio: a bet on the virtual-reality provider called the Void LLC.
Murdoch has invested $20 million in the business, according to a person familiar with the transaction. He’s also taken a seat on the board, said the person, who asked not to be identified because the matter isn’t yet public. He joins a high-profile list of investors, including Fidelity Management, Qualcomm Ventures and Walt Disney Co.