Business news brief
Elon Musk reportedly invests $1bn in David Ellison’s Skydance
NEWS DESKBusiness
PUBLISHEDOct 22, 2026, 9:23 PM
What the source reports
Musk’s investment into the new media empire comes after Paramount’s $111bn merger with Warner Bros Discovery 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. Continue reading...
Main source: The Guardian Business
TDBN presents the written preview supplied through the publisher's feed. Complete reporting, continuing updates, context, and corrections remain with the original report.
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