Musk Reportedly Backs Skydance With a Billion-Dollar Stake
A report says Elon Musk has put roughly $1 billion into Skydance after its merger with Paramount and Warner Bros. The investment comes after Larry Ellison previously helped fund Musk’s Twitter purchase, and it raises questions about Musk’s potential influence over major media outlets.
A report from Semafor says Elon Musk has placed about $1 billion into Skydance after its combination with Paramount and Warner Bros. David Ellison, who is putting together financing for the enlarged studio, reportedly received the investment from Musk.
The background includes prior financial ties: Larry Ellison, David’s father, helped fund Musk’s Twitter acquisition. The Warner Bros. deal was valued at $111 billion, backed by the Ellisons and RedBird Capital, with some sovereign-wealth support from Saudi Arabia, Qatar, and the UAE; reports say the Ellisons took on substantial debt. Those involved have not commented.
The reported stake could give Musk added leverage over how major outlets are run or covered, potentially affecting journalists and audiences who rely on CNN or HBO for news and entertainment. It may also intensify concerns about billionaire ownership shaping public information. Because no party has confirmed details, any influence remains speculative; regulators and media watchdogs may scrutinize the deal’s implications.