Musk invests ~$1B in Skydance, owner of TVN, to boost performance

Elon Musk has invested approximately $1 billion in Skydance, the media company owned by David Ellison, according to Semafor. The cash injection aims to reduce costs and improve share performance, signaling a strategic capital infusion into the group. The deal's terms and impact on TVN's operations remain unclear.

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