Market Chatter: Paramount Skydance Considers Asking Musk for Equity Investment

MT Newswires Live09-24 00:19

Paramount Skydance (PSKY) is considering asking Elon Musk to join a syndicate of equity investors in the media company as its acquisition of Warner Bros. Discovery (WBD) progresses, Semafor reported Wednesday, citing people familiar with the matter.

Paramount CEO David Ellison's father, Larry Ellison, has long been close with Musk, the report said.

Paramount and Musk did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 10.18, Change: +0.07, Percent Change: +0.64

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