Elon Musk reportedly invests about $1 billion in Skydance after Paramount's $110 billion Warner Bros. Discovery acquisition
Elon Musk has reportedly invested about $1 billion in the newly formed media company Skydance, according to Semafor, as relayed by TechCrunch. The report comes a few weeks after Paramount completed its $110 billion acquisition of Warner Bros. Discovery. Co-CEOs David Ellison and Ynon Kreiz are merging Paramount+ and HBO Max and a portfolio of networks including CBS, CNN, MTV, TBS, Comedy Central and Food Network. Musk's investment reportedly came around the same time as equity contributions from other Skydance investors, including board member Laurene Powell Jobs. Skydance has committed to $6 billion in cost reductions over three years and did not immediately respond to a request for comment. This is business news with no cybersecurity content or direct threat to defenders.
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Elon Musk reportedly invests about $1 billion in Skydance after Paramount's $110 billion Warner Bros. Discovery acquisition
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Elon Musk has reportedly invested about $1 billion in the newly formed media company Skydance, according to Semafor, as relayed by TechCrunch. The report comes a few weeks after Paramount completed its $110 billion acquisition of Warner Bros. Discovery. Co-CEOs David Ellison and Ynon Kreiz are merging Paramount+ and HBO Max and a portfolio of networks including CBS, CNN, MTV, TBS, Comedy Central and Food Network. Musk's investment reportedly came around the same time as equity contributions from other Skydance investors, including board member Laurene Powell Jobs. Skydance has committed to $6 billion in cost reductions over three years and did not immediately respond to a request for comment. This is business news with no cybersecurity content or direct threat to defenders.