Laurene Powell Jobs has bought a $250 million stake in Skydance, the merged entity of Paramount and Warner Bros. Discovery, and joined its board.
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01Summary
- 01Laurene Powell Jobs paid $250 million for 20.83 million shares of Skydance Corp. at $12 each.
- 02She was appointed to Skydance's board on 5 October alongside former Activision chief Bobby Kotick.
- 03The shares are held indirectly in a trust, according to an SEC filing.
- 04As a board member, she was granted 33,118 restricted stock units vesting at the 2027 annual meeting.
- 05Skydance combines Paramount+, HBO Max, and networks including CBS, CNN, and MTV.
02Why it matters
This investment gives Powell Jobs a board seat in a newly merged Hollywood powerhouse, reflecting her strategy of pairing philanthropy with venture capital in media and technology.
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