Elon Musk Steps In With $1 Billion Equity Investment For Debt-Laden Skydance — Report
- Musk reportedly put $1 billion into Skydance.
- Paramount-Warner Bros. Discovery carries nearly $90 billion in debt.
- Rising rates could increase pressure on the company’s finances.
Elon Musk has invested $1 billion in the newly formed Skydance, according to a report, as the company seeks extra equity to manage the heavy debt taken on to acquire Warner Bros. Discovery. The investment matters because rising interest rates could make that debt more costly to service…