StartupsTechCrunchabout 1 hour ago
Elon Musk Invests $1 Billion in Skydance
1 min read
Elon Musk invested approximately $1 billion in Skydance, a newly formed media company, according to a report from Semafor. This funding occurs after Paramount completed its $110 billion acquisition of Warner Bros. Discovery. The investment aims to help the company cut costs by $6 billion over the next three years and lift its stock price.
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