Elon Musk Acquires $1B Stake in CNN's Parent Company

Elon Musk has acquired a $1 billion stake in Warner Bros. Discovery's parent company, Warner Bros. Discovery, according to a filing with the Securities and Exchange Commission (SEC). The acquisition makes Musk one of the largest shareholders in the company, which owns CNN, HBO, and other popular media brands. Warner Bros. Discovery's stock price has risen significantly since the acquisition, increasing by 15%.