The Zhitong Finance App learned that according to people familiar with the matter, Tesla (TSLA.US) CEO Musk has invested about 1 billion US dollars in US media giant Skydance (SKYD.US). The investment comes at a time when Skydance has completed the acquisition of Warner Bros. Discovery (WBD) and is beginning to integrate its huge film, television, and streaming business. Facing a debt burden of nearly $80 billion, the company is actively seeking new equity financing to support business consolidation and cost reduction plans.

The Zhitong Finance App learned that according to people familiar with the matter, Tesla (TSLA.US) CEO Musk has invested about 1 billion US dollars in US media giant Skydance (SKYD.US). The investment comes at a time when Skydance has completed the acquisition of Warner Bros. Discovery (WBD) and is beginning to integrate its huge film, television, and streaming business. Facing a debt burden of nearly $80 billion, the company is actively seeking new equity financing to support business consolidation and cost reduction plans.