Elon Musk Reportedly Invests $1 Billion in David Ellison's Skydance After Warner Bros. Discovery Deal
Photo: ZeroHedgeElon Musk has invested roughly $1 billion in David Ellison's Skydance, Semafor reported Thursday, citing people familiar with the matter; CNBC later confirmed it, the Washington Examiner said. Board member Laurene Powell Jobs and other backers made equity investments around the same time. The report came just over two weeks after Skydance closed its Warner Bros. Discovery takeover on Oct. 6, which left about $82.5 billion in debt. The size of Musk's stake was not specified, and he has not commented. Skydance shares rose to $8.46, then were halted for volatility and fell to $7.53.
Left-leaning outlets had not reported the story at the time of writing; alternative and right-leaning outlets had. ZeroHedge focuses on the stock reversal and bond troubles, while Semafor cites cable executive John Malone predicting a Musk deal. Right-leaning outlets stress Ellison family ties: the Washington Examiner notes Larry Ellison's closeness to President Trump and critics' concerns over CNN and CBS News; the New York Post cites his $1 billion Twitter financing and $45.72 billion guarantees.
How the sides differ Left sources have not covered it; alternative sources stress market reaction and Malone's predictions, while right sources emphasize Ellison family ties, Trump links and debt.
Headline, comparison and summary written by AI from the articles below. AI can make mistakes, so check the original articles before relying on a detail.
Not covering this story. None of the left-leaning outlets Crosswire tracks has reported it yet. What one side leaves out can be as telling as what the others report.
ZeroHedge leads with the stock's spike and drop and the company's bond market struggles. Semafor, the original reporter, leads with anonymous sources and quotes cable executive John Malone and Ellison.
- New York PostElon Musk invests $1B in David Ellison’s Skydance as media giant grapples with massive debt: report
The Washington Examiner and New York Post lead with the report and the Ellison-Musk ties. They cite Trump's connection to Larry Ellison, critics' media-control concerns, the company's debt and securities filings.