BusinessPhoto: Mint CompaniesElon Musk Invests $1 Billion in Skydance Amid Warner Bros Deal
Elon Musk has invested approximately $1 billion in Skydance, which recently acquired Warner Bros. Discovery for $110 billion. Skydance is managing nearly $87 billion in debt and plans to cut $6 billion in costs. Following the investment news, Skydance shares initially rose but later declined. Larry Ellison, Oracle co-founder, is connected to the deal through his son David Ellison.
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