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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David Ellison Weighs Tapping Elon Musk for Paramount Investment as Warner Bros. Deal Advances
Paramount CEO David Ellison is considering turning to Elon Musk as a potential equity investor as the media company looks for additional capital surrounding its ... The post David Ellison Weighs Tapping Elon Musk for Paramount Investment as Warner Bros. Deal Advances first appeared on [your]NEWS.
Paramount Reportedly Weighs Elon Musk as Investor in Warner Bros. Deal That Would Put CNN and CBS Under One Roof * The Gateway Pundit * by Jim Hᴏft
According to a bombshell report from Semafor, Paramount Skydance CEO David Ellison is actively considering tapping tech visionaries and wealthy investors, including free-speech champion Elon Musk, to build a powerhouse investor syndicate for Paramount's massive takeover merger with Warner Bros.
Paramount executives have requested investment from Elon Musk after the acquisition of Warner Bros. Discovery was unblocked.
Paramount Warner Bros deal | Executives said to be considering bringing in Elon Musk as an investor
Days after settling a lawsuit blocking its acquisition of Warner Bros, Paramount is thinking about bringing in Elon Musk as an investor, a new report suggests. Having settled a lawsuit that threatened to scupper its deal altogether, Paramount’s $110bn takeover of Warner Bros now looks pretty much a certainty. The problem, though, is that $110bn ... Paramount Warner Bros deal | Executives said to be considering bringing in Elon Musk as an investor
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