@alejandro94964: BREAKING: Elon Musk invested around $1 billion in David Ellison's Skydance as the entertainment conglomerate faces nearly $80 billion in debt following its acquisition of Warner Bros. Discovery. To address the staggering debt and streamlining effort, Skydance management plans to target $6 billion in annualized cost savings over the next three years. This plan involves operational layoffs, consolidating redundant internal teams, and merging streaming operations (Paramount+ and Max). Ellison's father, Larry Ellison, has a history with Musk. The Oracle co-founder invested $1 billion in Musk's 2022 deal to purchase Twitter, now called X. Larry Ellison also invested in Tesla in 2018 and served on the company's board of directors. #investing #found #smartmoney #stock #elonmusk

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2026-10-26 03:07:32

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