Skydance aims to cut $6 billion in costs amid $80 billion debt

Skydance plans to reduce its expenses by $6 billion over the next three years to manage a net debt of approximately $80 billion. John Malone stated that Larry Ellison contributed roughly $1 billion toward Elon Musk's $44 billion acquisition of Twitter in 2022.
Ellison also reportedly used Tesla shares to raise a portion of the capital required for the Paramount-WBD deal, according to Malone. A spokesperson for Skydance declined to provide a comment on these financial developments.




















































































