Musk Takes Billion-Dollar Stake in Skydance
“Elon Musk reportedly invests $1 billion in the parent company of CNN and CBS News, gaining an ownership stake in both networks.”
The claim checked is a Leading Report post on X saying Elon Musk invested $1 billion in the parent company of CNN and CBS News and gained an ownership stake in both networks. The core of that is accurate: multiple outlets reported on October 22, 2026 that Musk made a roughly $1 billion equity investment in Skydance, the studio that owns CBS and, since its October 6 takeover of...