According to people familiar with the matter, Elon Musk has invested about $1 billion in Skydance. The deal was completed roughly at the same time as Skydance's equity investments by other investors, including board member Lauren Powell Jobs. Earlier in September, it was reported that Paramount was considering seeking equity funding from Musk. Musk is one of the many wealthy people Paramount CEO David Ellison is considering a cooperative investment. Musk has had a close relationship with David Ellison's father, Larry Ellison, the founder of Oracle for a long time, and it was some of Ellison's capital and connections that made it possible for Paramount to acquire Warner Bros. Larry Ellison has personally secured more than $40 billion in equity financing for Paramount's acquisition of Warner Bros. Larry Ellison invested $1 billion in Musk's 2022 deal to privatize X. He also invested in Tesla in 2018 and served on Tesla's board of directors for many years.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.