Source: Business | The Guardian · Published:
Musk’s investment into the new media empire comes after Paramount’s $111bn merger with Warner Bros Discovery Elon Musk has reportedly invested approximately $1bn in Skydance, the new media empire led by David Ellison. The deal comes alongside fresh equity infusions from existing investors, including board member Laurene Powell Jobs, Steve Jobs’s widow.
Semafor first reported the news. Continue reading...
The investment will provide a much needed financial boost as the company seeks to cut costs and lift its stock price.
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