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Friday, October 23, 2026Updated 01:55 UTC

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

Source: Guardian Business · Oct 22, 2026 21:23 UTC

Oil refinery towers and pipes with a city skyline in the distance — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

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 rea

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