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Musk invests $1 bn in David Ellison's Skydance; here's how his father, Oracle co-founder Larry Ellison, figures in deal

Elon Musk has reportedly invested about $1 billion in Skydance, which recently acquired Warner Bros. Discovery for $110 billion. The investment comes as the company faces nearly $87 billion in debt and plans $6 billion in cost cuts. Skydance shares fell after initially rising on the report.