Elon Musk Steps In With $1 Billion Equity Investment For Debt-Laden Skydance — Report
cross-posted from: https://startrek.website/post/46057398
https://deadline.com/2026/10/skydance-elon-musk-investment-larry-ellison-1237170816/Open linkView original on lemmy.world
6 replies
Wait, isn't Skydance this ultra-merged almost monopolistic media conglomerate? Don't they do these mergers to become better at raking in money, not worse? It seems not only the government but also capitalism in this country is fucked up, even by its own standards.
Ellison seriously over-extended himself and bought a debt-ridden studio with another debt-ridden studio with - wait for it - even more debt!
Seriously, it only makes sense when the ultimate plan is to turn it into an AI slop spewing fascist propaganda machine. So Musk investing makes total sense in that regard.
Looks like a bad plastic surgery-themed reality show lineup.
Assholes propping up assholes
How does $1 billion help when you are carrying $80 billion in debt, and that debt is growing?
Every such thing can safely be seen as trying to sway voters in the days towards the midterms, esp. when it comes from Dogeman.