Paramount Skydance has discussed bringing Elon Musk in as an equity investor, Semafor reported on Wednesday. Its stock, meanwhile, trades near its lowest levels in years.
CEO David Ellison wants wealthy backers to buy new shares, raising fresh cash after the Warner Bros. Discovery takeover.
Why Paramount Wants Elon Musk’s Money
Paramount agreed to buy Warner Bros. Discovery (WBD), owner of CNN, HBO, and the Warner Bros. studio, for $30 a share in cash. The offer valued WBD at $108 billion including debt, according to a February company release.
The Ellisons and RedBird Capital Partners committed $43.6 billion in equity, with $54 billion more in loans.
Oracle founder Larry Ellison, David’s…
