Elon Musk reportedly invests about 1 billion USD in Skydance

According to Semafor citing sources familiar with the matter, Musk has invested about $1 billion in Skydance (SKYD.US, formerly Paramount Global), providing funding to help the company cut costs and boost its stock price. This investment occurred around the same time as other injections from additional investors, including board member Laurene Powell Jobs. Neither Musk nor Paramount has immediately responded. The report stated that Paramount CEO David Ellison has previously considered partnering with several wealthy investors. Musk maintains a close relationship with Oracle founder Larry Ellison; Larry Ellison has already provided over $40 billion in equity financing guarantees for Paramount's acquisition of Warner Bros. Larry Ellison also invested $1 billion in Musk’s $44 billion acquisition and subsequent privatization of Twitter in 2022.