Owning a piece of Paramount-Warner Bros. would give Elon Musk a place at the table on Skydance's biggest decisions.
On Thursday, came word that Elon would make a (start with?) $1 billion investment in the David Ellison company, according to a Semafor report. David and his father Larry are in the hole for $79 billion, and you can only cut that much staff to make up the difference. A cool $10 bil from Elon, even if not all of it is in cash, takes the bankers’ pressure off you. A chill $1b already helps.
But the Ellisons’ financial breathing room comes in a distant second, consequence-wise, to what such an investment would create: a backdoor for Musk to enter the media-entertainment world.
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