The Newshound

Elon Musk invests $1 billion in Skydance as media giant grapples with debt

Elon Musk invests $1 billion in Skydance as media giant grapples with debt

The cash lands as David Ellison's Skydance carries a huge debt pile after its $110 billion takeover of Warner Bros Discovery. Musk's stake is part of a broader push by the media giant to raise fresh equity. Media mogul John Malone predicts something far bigger: an $8bn to $10bn SpaceX investment. 'I think there's a deal coming there,' he said.

President Trump backed the merger: 'It's going to be a great company.'

Larry Ellison once declared: 'I'm very close friends with Elon Musk.'

Malone says Larry Ellison used Tesla stock to help fund Skydance's creation.

MoreThe TelegraphElon Musk invests $1bn in CNN-owner SkydanceHollywood ReporterJohn Malone Predicts a Major Deal Between Skydance and Elon Musk’s SpaceXReutersElon Musk invests about $1 billion in Skydance, CNBC reportsNY PostElon Musk invests $1B in David Ellison’s Skydance as media giant grapples with massive debt: reportWashington TimesElon Musk puts $1 billion into SkydanceDaily MailElon Musk rattles woke media with $1billion investment in CNN parent
Read today's full feed at The Newshound →