10/15/2008 05:12 am ET | Updated May 25, 2011

Lachlan Murdoch Visits Indonesia, Spurring Media Deal Talk

Lachlan Murdoch, son of media magnate Rupert Murdoch, met Indonesian tycoon James Riady in Jakarta last week, a Riady official said on Sunday, prompting talk that Murdoch may invest in Southeast Asia's biggest economy.

The Riady family's business interests, known as the Lippo Group, span property, hospitals, and media in Asia. Earlier this year, they announced ambitious expansion plans to invest as much as $10 billion in the region in the next few years.

Murdoch visited Riady property projects and its newspaper offices in Jakarta on his trip to the Indonesian capital, said Marshall Cooper, a commissioner at First Media, an internet company owned by the Riady family.

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