David Ellison Mulls Tapping Elon Musk for Paramount Investment While Closing in on Warner Bros. Takeover: Report
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.
16 Articles
16 Articles
'Horrendously bad': Elon Musk's possible stake in CNN and CBS sparks 'alarm bells'
Elon Musk could gain a stake in CNN and CBS News if Paramount brings him into its Warner Bros. deal, according to an exclusive Semafor report, which described the possibility as “politically fraught.”Paramount executives have discussed asking Musk to join a group of investors putting money into the company, Semafor’s Rohan Goswami reported Wednesday. Musk is reportedly one of several wealthy people Paramount CEO David Ellison has considered appr…
Paramount May Tap Elon Musk As Equity Investor
Semafor reports: Paramount, looking to firm up its financial picture as it digests Warner Bros. Discovery, is looking for fresh sources of cash. Executives at the company have discussed asking Elon Musk to become part of a syndicate of equity investors into Paramount, according to people familiar with the matter. Musk’s name is one of … The post Paramount May Tap Elon Musk As Equity Investor appeared first on Joe.My.God..
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Paramount Weighs Tapping Musk for Equity Investment
“Paramount, looking to firm up its financial picture as it digests Warner Bros. Discovery, is looking for fresh sources of cash,” Semafor reports. “Executives at the company have discussed asking Elon Musk to become part of a syndicate of equity investors into Paramount.”
David Ellison Mulls Tapping Elon Musk for Paramount Investment While Closing in on Warner Bros. Takeover: Report
David Ellison, seeking fresh capital for a merged Paramount-Warner Bros., is considering reaching out to tech mogul Elon Musk — the world’s richest person — to “become part of a syndicate of equity investors into Paramount,” according to a report by Semafor. According to the report, citing anonymous sources, “Musk’s name is one of a […]
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