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Not just "debt." A lot is high interest debt on bonds that are just barely above "junk" ratings. It's like an $80 Billion mortgage. The interest alone is like ~$6,000,000,000 a year! That's so nice of Musk to pay Skydance's interest bill for two whole months!

This is an example of leveraged buyout, aka vulture capitalism. You take a bunch of loans, shift that debt liability to the company you just bought. Then, you let the company flounder, do mass layoffs, and sell off brands property to "reduce" debt.

The Sundance situation is slightly different. Due to Netflix and political motivations, the price tag went too high. Instead of backing off though. (As seen with Kroger/Safeway), Ellison pushed ahead full steam. The debt is too large, and there are not enough assets.

"Skydance is staring down roughly $80 billion in debt that it plans to tackle through layoffs, streamlining of its operations and finding new opportunities for profit." Why the fuck should we support any of it any further. To the bay of pirates it is. You made your bed and now the employees suffer

friends,Per admissib evidence & #Yamashita std, w/ complicity of Mr. Musk, ID'd actors under RF or false flags finalize prep. for 18USC§2332a #WMD_ATTACK vs US/EU/partnrs agg. by Military AI. To enjoin, can any of you execute EMERG JUDICIAL INTERVNT for ICWPA discl via: USC §1361 or § 706(1) ?

Silver lining: the impending collapse of American cultural hegemony, much like the collapse of American political hegemony, is a thing to be celebrated rather than mourned. Let a thousand flowers bloom.