David Ellison and other Paramount figures are reportedly exploring whether Elon Musk could join as an equity investor as the company nears a takeover of Warner Bros. Discovery. Multiple outlets cite a Semafor report saying Paramount is discussing the possibility of bringing Musk into a potential syndicate for Paramount equity, while the companies move toward finalizing the Warner deal.

The reports also describe Paramount’s efforts to secure substantial equity financing for the transaction. Deadline adds that Larry Ellison has personally committed to backstop more than $40 billion in equity financing to help ensure Warner agrees to sell to Paramount. Across the coverage, the common thread is that Musk is being discussed as a potential source of equity, but none of the outlets report that a deal or agreement with Musk has been finalized.

ComingSoon.net frames the development as a potential addition to Paramount’s investor lineup amid the progress of the Warner transaction, while Variety and Deadline focus on the reported internal discussions and the context of financing needs for a merged Paramount-Warner entity.