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Eric Daugherty: Elon Musk invests about $1 billion in Skydance, new majority owner of Warner Bros. Discovery

Eric Daugherty: Elon Musk invests about $1 billion in Skydance, new majority owner of Warner Bros. Discovery
Musk invests $1 billion in Skydance deal

Elon Musk has reportedly invested about $1 billion in Skydance, the company led by David Ellison that took over Warner Bros. Discovery this month. This means both Elon Musk and David Ellison, who is described as a Trump ally, now have ownership stakes in the company that controls CNN. The information was shared by Eric Daugherty.

Daugherty has previously covered political and financial developments involving high-profile figures. He reported on the shutdown of Ilhan Omar's family winery after allegations the business sold empty barrels to investors. In an earlier piece, he detailed setbacks facing a Ugandan luxury property tax as exemption appeals sharply reduced expected revenue.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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