American billionaire Elon Musk invests $1 billion in Hollywood giant Skydance
Elon Musk has invested about $1 billion in Skydance, giving the debt-heavy owner of Paramount and Warner Bros. fresh cash as it cuts costs.
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Elon Musk has invested about $1 billion in Skydance, giving the debt-heavy owner of Paramount and Warner Bros. fresh cash as it cuts costs.
Oracle co-founder Larry Ellison put up Tesla, SpaceX and Skydance shares as loan collateral this year to help bankroll his son David's Warner Bros. takeover.
Laurene Powell Jobs, Emerson Collective founder and widow of Steve Jobs, paid $250 million for Skydance shares that have since lost 43% of their value.
Billionaire David Ellison has completed Paramount's $81 billion takeover of Warner Bros. Discovery, nearly $111 billion with debt, creating a media group called Skydance that owns HBO, CNN, CBS and Paramount+.
Larry Ellison pledged 67 million more Oracle shares as loan collateral, lifting his total to about 413 million shares worth roughly $57 billion.
Paramount CEO David Ellison has considered asking Elon Musk to join a group of equity investors as his $111 billion Warner Bros. Discovery merger nears the finish line.