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Billionaire philanthropist Laurene Powell Jobs paid $250 million to acquire a stake in Skydance, the David Ellison-led company formed by the merger of Paramount Skydance and Warner Bros. Discovery.

Laurene Powell Jobs invested $250 million in David Ellison’s Skydance

Variety reports that Laurene Powell Jobs, a billionaire philanthropist, invested $250 million for a stake in Skydance. The David Ellison-led firm resulted from combining Paramount Skydance with Warner Bros. Discovery.

Powell Jobs, founder and president of Emerson Collective, joined the Skydance board on Oct. 5 with former Activision chief Bobby Kotick.

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