Musk Reportedly Invests About $1 Billion in Skydance
Elon Musk reportedly invested about $1 billion in Skydance, providing fresh capital as the entertainment company seeks to cut costs and support its share price after a costly merger increased its debt.
Billionaire Elon Musk has reportedly invested about $1 billion in Skydance (SKYD), providing the entertainment company with fresh capital as it seeks to cut costs and support its share price after a costly merger that increased its debt pile.The investment was completed around the same time as equi…