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Elon Musk made a $1 billion investment in Skydance, report says

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Elon Musk has invested approximately $1 billion in the newly formed media company Skydance, according to a new report from Semafor. The news of the investment comes a few weeks after Paramount completed its $110 billion acquisition of Warner Bros. Discovery to create the combined company.

Co-CEOs David Ellison and Ynon Kreiz are tasked with bringing together two major streaming platforms, Paramount+ and HBO Max, along with a portfolio of networks, including CBS, CNN, MTV, TBS, Comedy Central, and Food Network, under a single corporate umbrella.

Semafor reports that Musk’s investment was made around the same time as equity contributions from other Skydance investors, including board member Laurene Powell Jobs. The investment will provide a much needed financial boost as the company seeks to cut costs and lift its stock price, the report notes.

Skydance has already committed to reducing costs by $6 billion over the next three years.

Musk has publicly praised the Ellisons in the past and has close ties with Larry Ellison, whom he appointed to Tesla’s board of directors in 2018. The Oracle-founder invested $1 billion to help Musk purchase Twitter in 2022 and also invested in Tesla in 2018.

Skydance did not immediately respond to TechCrunch’s request for comment.

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2027: Umahi, Nwifuru's promise to deliver Ebonyi political ruse – Lawyer to Tinubu

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Human rights activist Maduabuchi Idam has said the promise by the Minister of Works, Dave Umahi, to deliver Ebonyi State to President Bola Tinubu in 2027 is a political ruse.

Idam likened Umahi's promise to an empty barrel of a gun making noise without shooting.

In a statement he signed, the constitutional lawyer said Umahi and the state governor, Francis Nwifuru, should provide functional healthcare facilities and electricity across the state before making such promises.

According to Idam: "The promise of delivering Ebonyi State to President Tinubu is a political ruse, almost like an empty-barrelled gun that makes a loud noise without firing a shot.

"There is no convincing dividend of governance to justify such an expectation. No one sings the Lord’s song in a strange land.

"Umahi and Nwifuru should begin by providing functional primary healthcare facilities and addressing the persistent electricity challenges in Afikpo and other communities across Ebonyi State.

"Governance must first be felt by the people before political loyalty in the form of votes can reasonably be demanded of them.

'Otherwise, the disappointment at the polls may be louder than the chants in the stadium.

"Amasiri needs a functional primary healthcare centre and the release of its people who are being maliciously prosecuted, while Afikpo in general needs a reliable electricity supply."

2027: Umahi, Nwifuru’s promise to deliver Ebonyi political ruse – Lawyer to Tinubu

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Our Country Is Not Dead’ — Sunday Oliseh Hails World Cup-Winning Flamingos, Warns NFF Against Making Dangerous Mistake With Golden Generation

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Former Super Eagles captain and head coach Sunday Oliseh has celebrated Nigeria’s historic FIFA U-17 Women’s World Cup triumph, declaring that the Flamingos’ remarkable achievement has proved that the country still possesses exceptional football talent, while warning the Nigeria Football Federation against restricting the development of the victorious youngsters, Sports247.ng reports.

Oliseh expressed particular satisfaction that many members of the World Cup-winning squad emerged from Nigeria’s domestic football system, describing their success as a powerful response to those who have repeatedly questioned the quality of home-based players.

The former Nigerian international insisted that the Flamingos’ achievement must become a turning point for grassroots football development rather than merely another moment of national celebration.

“Those who say, ‘Sunday, they always shout home-based, home-based.’ No, no, no. See them now, these ones are home-based. So we still get quality. Our country is not dead,” Oliseh declared.

The former Borussia Dortmund and Juventus midfielder stressed that the players’ achievement should receive sustained publicity to inspire other talented youngsters across the country.

“The multiplier effect now is like, it has to be publicised. For those who are following, let’s let them know what these girls have done. They’ve shown talent,” he explained.

However, Oliseh warned that Nigeria must avoid making the mistake of concentrating exclusively on the victorious squad without creating opportunities for other promising players.

According to him, keeping the World Cup winners together is important, but the NFF must simultaneously strengthen the team by introducing fresh talents.

“You can’t say, ‘Let’s keep them together.’ No. You have to try to keep them together, but you have to now integrate more, more,” he stated.

“If you keep them together, you create an elitist group. Keep them together, but you have to add more.”

Oliseh believes this approach would allow the achievements and experience of the World Cup champions to positively influence other emerging players, creating a stronger foundation for Nigeria’s future women’s national teams.

The former Super Eagles captain also emphasised that developing a successful football structure should involve more than celebrating one generation of players.

For Oliseh, the challenge is ensuring that Nigeria builds on the Flamingos’ achievement by identifying additional talents and creating a pathway for their progression through the national-team system.

Nigeria defeated Japan 2-1 in the final in Morocco, becoming the first African nation to win the FIFA U-17 Women’s World Cup.

While Nigerians continue celebrating the historic achievement, Oliseh’s message to football administrators is unmistakable: preserve the winning foundation, open the door to new talents and ensure that the Flamingos’ success becomes the beginning of something even greater.

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