Elon Musk has reportedly invested $1 billion (£750 million) in Skydance, the media giant behind CNN. The deal, revealed on 22 October 2026, could give the billionaire a financial stake in one of the news networks that has frequently scrutinised him.
The reported investment comes weeks after Skydance completed its takeover of Warner Bros. Discovery, bringing CNN and a collection of major entertainment businesses under its corporate umbrella. Although neither Musk nor Skydance has publicly confirmed the transaction, the development has already raised questions about the relationship between powerful technology billionaires and the media organisations that cover them.
