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Report: Musk invests $1B in Skydance

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Elon Musk has invested $1 billion in Skydance, a source familiar with the matter told CNBC.

Paramount finalized its acquisition of Warner Bros. Discovery on Oct. 6. The combined entity is Skydance.

Musk's pledge is reportedly part of a wider effort by Skydance to raise equity investments.

Read more from CNBC.

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