Elon Musk invests about $1 billion in Skydance, CNBC reports
2 sourcesUpdated Oct 22, 20261 min read
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I wonder if the investment is mainly to back the Paramount merger or if Musk has another plan in mind.
This move might give him some say in media deals but Skydance still faces the same streaming losses as everyone else.
Musk putting a billion into Skydance looks risky when his main companies already need steady focus and cash.