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- Laurene Powell Jobs’ $250 Million Skydance Stock Buy Is Already Underwater
- Securities company CVS posts losses for 17 consecutive quarters, accumulated losses rise to over VND 183 billion
CV Securities Joint Stock Company (CVS) posted an after-tax loss of over VND 2.6 billion in Q3/2026, narrowed about 51% from a year earlier, while operating revenue rose nearly 7% to over VND 8.3 billion. It was the 17th consecutive loss-making quarter since Q3/2022. For the first nine months, revenue rose about 31% to over VND 24 billion, but the pre-tax loss reached over VND 38.6 billion, double the VND 18.4 billion a year earlier, mainly due to VND 27.3 billion in other expenses in Q2/2026. Accumulated losses grew to nearly VND 183.5 billion, and owners' equity fell to about VND 273.3 billion, with M_Service, which operates MoMo, holding 49% of charter capital.
- Elon Musk reportedly invests $1B in Skydance as debt mounts
Elon Musk is reportedly investing about $1 billion in Skydance, the studio led by David Ellison, according to unnamed sources cited by Semafor and CNBC. The newly combined company, formed by the merger of Paramount and Warner Bros. Discovery this month, faces nearly $87 billion in debt. Earlier this month, Laurene Powell Jobs invested $250 million in Skydance. According to Variety, the company's market value fell last week to roughly half the combined value of the two companies before the merger. The reports gave no further details on the deal's terms or structure.
- Elon Musk Steps In With $1 Billion Equity Investment For Debt - Laden Skydance
According to Semafor, Elon Musk has invested $1 billion in the new Skydance, though neither Musk nor Paramount has commented. Former Liberty Media chief John Malone had predicted Musk would contribute about $10 billion and also pointed to ties with Larry Ellison and a possible SpaceX deal. The company was formed through one of the largest leveraged buyouts in history, leaving the combined Paramount-Warner Bros. Discovery with nearly $90 billion in debt, and rising interest rates increase the need for equity. Larry Ellison had personally guaranteed more than $40 billion of the equity financing, and Middle Eastern sovereign wealth funds led by Saudi Arabia will hold just under 50% of the combined company.
- Skydance Stock Reverses Early Gain After Report of $1 Billion Elon Musk Investment
Skydance (NYSE: SKYD) shares gave up an early rally on Thursday, Oct. 22, after Semafor reported Elon Musk had put roughly $1 billion into the company, and at one point traded down 2.4%. Neither Musk nor the company has confirmed the investment, and the price, form and timing are unclear, as is whether the money is new or part of the earlier $47 billion sale of Class B shares at $12 apiece. Skydance, created on Oct. 6 after a roughly $110 billion takeover of Warner Bros. Discovery, carries estimated gross debt of $89.3 billion and net leverage of about six times. Management targets more than $6 billion in annualized cost savings within three years and net leverage of 3.0 times by the end of 2029, while the article notes $1 billion equals roughly 2% of the equity raised. The next signals to watch are a company confirmation or filing, the first quarterly report as a combined company, and evidence of cost savings reaching free cash flow.
- Elon Musk reportedly invests about $1 billion in Skydance
Elon Musk has reportedly invested about $1 billion in Skydance, according to Semafor, as the company looks to cut costs. Paramount closed its acquisition of Warner Bros. Discovery on Oct. 6 and named the combined entity Skydance. Co-CEOs David Ellison and Ynon Kreiz must merge two film studios, two streaming platforms and many corporate functions. Skydance expects $6 billion in cost savings over three years but faces nearly $80 billion in debt, and its shares fell about 1% after the report. Larry Ellison, David's father, previously invested $1 billion in Musk's 2022 deal to buy Twitter.
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