The Newshound

Elon Musk reportedly pumps $1bn into CNN owner Skydance while David Ellison's media empire is weighed down by huge debts

The world's most outspoken tech billionaire now reportedly has a financial stake in the company that owns CNN. Elon Musk is said to have put about $1 billion into David Ellison's Skydance, which is struggling under a heavy debt load.

A Musk stake could reportedly transform the media industry as we know it.

MoreThe TelegraphElon Musk invests $1bn in CNN-owner SkydanceReutersElon 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: reportHollywood ReporterIf Elon Musk Gets a Stake in Skydance It Could Transform Media As We Know It
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