David Ellison’s Skydance has secured a $400 million investment to expand its operations, particularly its animation, sports and interactive ambitions, pushing the company’s valuation above $4 billion.
The investment came from investment firm KKR and joined by the Ellison Family (who remain the company’s majority shareholders), as well as other existing backers supporting the “Top Gun: Maverick” studio.
Existing investors RedBird Capital Partners and Tencent also participated in the fundraising.“The investment from KKR creates a powerful strategic partnership with a firm at the forefront of the evolution of technology and interactive entertainment, all of which are key propellers in the next phase of Skydance’s growth,” David Ellison said in a statement. “Having KKR in our corner as thought partners and engaged collaborators will help us to execute on the many opportunities we see in front of us.
Read more on thewrap.com
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