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Markets

Paramount Weighs Musk for Investor Group

Published 23 September 2026

Paramount executives are considering asking Elon Musk to join an equity-investor group backing the company’s combination with Warner Bros. Discovery, according to reporting based on unnamed sources. The discussions are preliminary, and there has been no confirmation that Musk has been invited or agreed to invest; no potential investment amount or timeline has been disclosed. The reported consideration comes as Paramount works through financing for the combined company. David Ellison, Paramount’s chief executive, is weighing Musk among several possible investors for an equity syndicate, according to the account. Paramount has not publicly announced an invitation or a new investment arrangement. Whether any additional capital would join existing commitments or come through a new equity raise also remains unclear. The Warner Bros. Discovery transaction was valued at about $110 billion to $111 billion when announced. Financing descriptions in the reports vary in scope: one account cites roughly $46.7 billion in initial equity commitments, while another says Larry Ellison guaranteed more than $40 billion. The figures are not directly reconciled.

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