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The Guardian - US
The Guardian - US
Technology
Maya Yang

Elon Musk reportedly invests $1bn in David Ellison’s Skydance

Elon Musk David Ellison Skydance Paramount Donald Trump Warner Bros Discovery Larry Ellison Mergers CNN Semafor
Elon Musk gestures with both hands against a black background
Elon Musk gestures as he attends the Viva Technology conference at the Porte de Versailles exhibition centre in Paris, France, on 16 June 2023. Photograph: Gonzalo Fuentes/Reuters

Elon Musk has reportedly invested approximately $1bn in Skydance, the new media empire led by David Ellison.

The deal comes alongside fresh equity infusions from existing investors, including board member Laurene Powell Jobs, Steve Jobs’s widow. Semafor first reported the news.

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