Elon Musk invests about $1bn in David Ellison’s Skydance
Following hints from cable billionaire John Malone, Elon Musk has reportedly made a $1 billion investment in Skydance, a media group assembled by David Ellison through deals involving Paramount and Warner Bros. Discovery. The investment marks a significant stake by Musk in the media and entertainment sector.
Key points
- Elon Musk invested ~$1B in Skydance media company
- Skydance formed from Paramount and Warner Bros. Discovery assets
- Investment led by David Ellison's company
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