David Ellison, seeking fresh capital for a merged Paramount-Warner Bros., is considering reaching out to Elon Musk — the controversial tech mogul who is the world’s richest person — to “become part of a syndicate of equity investors into Paramount,” according to a report by Semafor.
\n\nAccording to the report, citing anonymous sources, “Musk’s name is one of a number of wealthy individuals that Paramount CEO David Ellison has considered tapping for the syndicate,” but it did not identify others Ellison is supposedly mulling as investment partners. The Semafor report said the amount of Musk’s potential investment in Paramount could not be learned.
\n\nParamount declined to comment. A rep for Musk did not immediately respond to a request for comment.
\n\nMusk, the one-time Trump administration official who leads SpaceX, Tesla and X, among other businesses, had a net worth estimated at about $950 billion as of Wednesday, per Forbes.
\n\nParamount’s deal to merge with Warner Bros. Discovery is close to the finish line, after the company reached a settlement with 12 state attorneys general to settle their antitrust lawsuit over the pact. The judge in the case has scheduled a hearing Thursday to go over the points of the proposed…
Original source: https://variety.com/v/tv/