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International Business Times UK
International Business Times UK
Business
Bernadette B. Tixon

Elon Musk Reportedly Invests $1B in Skydance Four Years After Larry Ellison Backed His Twitter Takeover

Elon Musk Larry Ellison Paramount Skydance Twitter Inc. John Malone SpaceX Semafor CBS CNN Starlink
Elon Musk has reportedly invested about $1 billion in Skydance, the company formed when Paramount absorbed Warner Bros Discovery (Credit: Gage Skidmore/Wikimedia Commons CC BY-SA 2.0)

Elon Musk has reportedly invested about $1 billion (£750 million) in Skydance, the media company formed when Paramount Skydance completed its $110 billion (£82.5 billion) acquisition of Warner Bros. Discovery on 6 October.

The investment, first reported by Semafor and separately reported by CNBC, comes as the combined business seeks cost savings following the takeover. Its portfolio includes CBS, CNN, HBO, Warner Bros. and Paramount+.

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