CoreWeave to Acquire Core Scientific in a $9 Billion All-Stock Deal

CoreWeave (CRWV) reached an agreement to acquire longtime data center partner Core Scientific (CORZ) in an all-stock deal worth roughly $9 billion, the company said Monday.1

Shares of CoreWeave dropped about 2% to approximately $161 in recent trading, while Core Scientific dropped 13% to roughly $16. That said, Core Scientific stock is still up about 25% since reports of a potential deal emerged last month. The $9 billion deal represents a share price of $20.40, well above the $5.75 per share offer from CoreWeave that Core Scientific rejected last year. 

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