CoreWeave Stands Firm on $9 Billion Bid for Core Scientific
Financial MarketsCoreWeaveUpdated 15 hours ago

CoreWeave Stands Firm on $9 Billion Bid for Core Scientific

CoreWeave's CEO, Michael Intrator, has reaffirmed that the company will not change its $9 billion bid for Core Scientific despite criticism labeling it a lowball offer. This decision underscores CoreWeave's confidence in its acquisition strategy amidst ongoing discussions about compute demand and corporate valuations in the tech industry.

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CoreWeave Won’t Change Its Bid for Core Scientific
NeutralFinancial Markets
CoreWeave's CEO, Michael Intrator, has confirmed that the company will not alter its bid for Core Scientific. This decision comes amidst discussions about compute demand and the company's mergers and acquisitions strategy, highlighted in an interview on Bloomberg Tech. Understanding CoreWeave's stance is crucial as it reflects the company's confidence in its current strategy and the competitive landscape in the tech industry.
CoreWeave Pushes Back on Idea of Changing Core Scientific Bid
NeutralFinancial Markets
CoreWeave's CEO, Michael Intrator, has responded to criticism regarding their $9 billion bid for Core Scientific, which was labeled a lowball offer by a major investor. This situation highlights the complexities of corporate acquisitions and the differing perspectives on valuation, making it a significant moment in the ongoing negotiations.

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