Elon Musk has invested $1 billion in the new Skydance, according to a report in Semafor, amid speculation by Wall Street, industry players and, yesterday, John Malone, that the world’s richest man and Tesla chief would step in to lend his friend Larry Ellison a hand.
At a conference yesterday in New York, the former Liberty Media chief anticipated that Musk would fork over about $10 billion to help buck up Skydance, created by one of the biggest leveraged buyouts in history that left the combined and renamed Paramount-Warner Bros. Discovery with nearly $90 billion in debt. That’s a lot
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