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Elon Musk reportedly invests about $1 billion in Skydance
Elon Musk is said to have put around one billion dollars into Skydance, the media firm headed by David Ellison. This move comes alongside fresh equity from existing investors, such as board member Laurene Powell Jobs. Semafor was the first to report the deal. It follows Paramount’s recent $111 billion merger with Warner Bros. Discovery, which brought the companies together under the Skydance name. The Guardian has contacted Musk and Skydance for comment.
Following the merger, Skydance co-CEOs David Ellison and Ynon Kreiz informed staff that the integration would bring changes, including…
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