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Paramount Eyes Elon Musk as Potential Investor as Warner Bros. Deal Takes Shape
Paramount is weighing fresh equity backers as it seeks to firm up financing for the $111 billion Warner Bros. Discovery merger.
- Paramount CEO David Ellison is considering tapping Elon Musk to join the equity syndicate for the $110 billion merger with Warner Bros. Discovery, according to a report Wednesday.
- Musk maintains a close relationship with David's father, Oracle co-founder Larry Ellison, who invested $1 billion in Musk's 2022 takeover of X and served on Tesla's board.
- The $47 billion equity financing includes $24 billion from Middle Eastern sovereign wealth funds, while Bank of America, Citigroup, and Apollo have committed $54 billion in debt financing.
- Paramount recently reached a settlement with 12 state attorneys general this week, with a judge scheduling a hearing for Thursday to review the consent decree before closing.
- The FCC last week approved foreign entities holding 49.5% equity, while the merged company will establish a "news editorial independence board" to guide CNN and CBS News operations.
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Paramount Eyes Elon Musk Investment As Warner Bros. Deal Nears Closure
Paramount executives are discussing approaching Elon Musk for an equity investment as the Warner Bros. Discovery acquisition nears closure. Before […] The Paramount Eyes Elon Musk Investment As Warner Bros. Deal Nears Closure first appeared on The Blast
·West Hollywood, United States
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Black America Web+3 Reposted by 3 other sources
Elon Musk Potential Stake In CNN & CBS Called "Horrendously Bad"
According to a new report from Semafor, the higher-ups at Paramount have discussed inviting Elon Musk into a group of investors who will be pumping money into the company.
·Silver Spring, United States
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The corporation treats the billionaire as an investor after Warner Bros has been taken over.
Coverage Details
Total News Sources71
Leaning Left20Leaning Right11Center9Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 22%
R 28%
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