Elon Musk invests roughly $1B in Skydance after its Warner Bros. takeover
The reported investment comes weeks after David Ellison's company closed its acquisition, as it pursues cost cuts and manages a heavy debt load.
By Ryan Merket · Published · Updated
Primary source: Semafor
Why it matters
Musk's reported $1B investment comes as David Ellison's newly enlarged media company manages a debt-heavy acquisition.
Elon Musk has invested roughly $1 billion in Skydance, according to people familiar with the matter cited by Semafor, putting new capital into David Ellison's media company less than three weeks after it completed its acquisition of Warner Bros. Discovery. The investment was reported on October 22nd.…
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