Business · Companies · 41 mins ago
Musk reportedly invests $1 billion in Skydance
Elon Musk has reportedly invested $1 billion in Skydance, according to accounts of the deal.
Skydance controls Paramount, which recently completed a $110 billion purchase of Warner Bros.
Discovery.
The combined company has $69 billion in annual revenue, making it the world’s second-largest media group after Disney.
But it also has $87.5 billion in debt, raising concerns about its finances and the risks to Oracle, whose owner Larry Ellison’s family backed much of the financing.
Ellison previously invested in Tesla and supported Musk’s $1 billion purchase of Twitter in 2022, so Musk’s investment is seen as returning Ellison’s earlier support.
It adds the world’s richest person to the backers of the Warner Bros.
deal, alongside sovereign wealth funds from Saudi Arabia, Qatar and Dubai.
Elon Musk reportedly invested $1 billion in Skydance, according to Corriere della Sera.
Skydance controls Paramount, which recently completed a $110 billion acquisition of Warner Bros Discovery.
The deal made the company the world’s second-largest media group after Disney, with $69 billion in revenue.
The combined group also has $87.5 billion in debt, raising concerns in the market.
The investment was described as a way for Musk to return support previously given by Oracle chief Larry Ellison.
- Who
- Elon Musk reportedly invested in Skydance.
- What
- A reported $1 billion investment. It makes Musk a backer of media outlets including CNN, CBS News and HBO Max.
- When
- Reported on October 24 and 25, 2026. The investment date is not stated.
- Where
- Skydance, which controls Paramount. The investment’s location is not stated.
- Why
- Corriere della Sera said Musk was returning support from Larry Ellison, who had backed Tesla and Musk’s Twitter acquisition.
This story does not have two clearly opposing sides.
Larry Ellison was among the first to invest in Tesla.
Ellison supported Musk’s acquisition of Twitter with $1 billion, according to Corriere della Sera.
Skydance completed its $110 billion acquisition of Warner Bros Discovery, according to Corriere della Sera.
Corriere della Sera reported that Musk had invested $1 billion in Skydance.
TheStreet reported Musk’s investment in a media company.
- Reported investment
- $1 billion
- Acquisition
- $110 billion for Warner Bros Discovery
- Combined group revenue
- $69 billion
- Combined group debt
- $87.5 billion
- Skydance ownership
- Controls Paramount
- Reported outlets
- CNN, CBS News and HBO Max