Elon Musk reportedly invests $1bn in David Ellison’s Skydance

Musk’s investment into the new media empire comes after Paramount’s $111bn merger with Warner Bros DiscoveryElon Musk has reportedly invested approximately $1bn in Skydance, the new media empire led by David Ellison.The deal comes alongside fresh equity infusions from existing investors, including board member Laurene Powell Jobs, Steve Jobs’s widow.