financetom
Business
financetom
/
Business
/
Core Scientific's board asks shareholders to vote for CoreWeave deal
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Core Scientific's board asks shareholders to vote for CoreWeave deal
Oct 15, 2025 2:46 PM

Oct 15 (Reuters) - Core Scientific's ( CORZ ) board

urged its shareholders on Wednesday to vote for the company's

proposed sale to CoreWeave ( CRWV ).

CoreWeave ( CRWV ) announced its intention to buy Core Scientific ( CORZ ) in

an all-stock deal valued at about $9 billion in July. The

proposed deal faces opposition from the crypto miner's biggest

shareholder, Two Seas Capital.

Core Scientific's ( CORZ ) board has "unanimously determined"

that the deal represents the best alternative for all its

stockholders, it said in an investor presentation on Wednesday.

CoreWeave ( CRWV ) provides access to data centers and

Nvidia-powered AI chips to companies seeking to train large

language models.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
RPM International Fiscal Q3 Adjusted Earnings, Net Sales Decline; Fiscal Q4 Outlook Issued
RPM International Fiscal Q3 Adjusted Earnings, Net Sales Decline; Fiscal Q4 Outlook Issued
Apr 8, 2025
07:02 AM EDT, 04/08/2025 (MT Newswires) -- RPM International ( RPM ) reported fiscal Q3 adjusted earnings Tuesday of $0.35 per diluted share, down from $0.52 a year earlier. Analysts polled by FactSet expected $0.50. Net sales for the fiscal quarter ended Feb. 28 were $1.48 billion, down from $1.52 billion a year earlier. Analysts surveyed by FactSet expected $1.51...
Marvell Offloads Auto Ethernet Segment To Infineon Tech For $2.5 Billion Cash
Marvell Offloads Auto Ethernet Segment To Infineon Tech For $2.5 Billion Cash
Apr 8, 2025
Marvell Technology, Inc. ( MRVL ) shares are trading higher premarket on Tuesday. On Monday, the company disclosed a definitive deal to sell its Automotive Ethernet business to Infineon Technologies AG ( IFNNF ) for $2.5 billion in an all-cash deal. The transaction includes Marvell's ( MRVL ) Brightlane Automotive Ethernet portfolio and related assets. Also Read: If Tariffs Shift...
Stellantis output in Italy fell further in first quarter, union says
Stellantis output in Italy fell further in first quarter, union says
Apr 8, 2025
MILAN, April 8 (Reuters) - Stellantis' ( STLA ) Italian auto production dropped further in the first quarter after output in the country fell to an almost 70-year low in 2024, the FIM Cisl union said on Tuesday, as new models will not support activity before next year. Vehicle production in the January-March period, comprising passenger cars and vans was...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved