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Core Scientific's shareholders balk at terms of CoreWeave merger offer, FT reports
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Core Scientific's shareholders balk at terms of CoreWeave merger offer, FT reports
Aug 4, 2025 9:54 PM

Aug 5 (Reuters) - CoreWeave's ( CRWV ) proposed $9

billion acquisition of data centre landlord Core Scientific ( CORZ )

is facing potential revolt, as some top shareholders of

the target firm argue the deal may leave them short-changed, the

Financial Times reported.

Some major Core Scientific ( CORZ ) shareholders plan to vote against

the deal unless the terms are revised in the coming weeks, the

report said on Tuesday, citing people familiar with the matter.

Reuters could not immediately verify the report. CoreWeave ( CRWV )

and Core Scientific ( CORZ ) did not immediately respond to Reuters

request for a comment outside regular business hours.

The shareholder vote for Core Scientific ( CORZ ) has not yet been

scheduled but is expected to take place sometime this autumn,

the report said.

The all-stock deal, valued at about $9 billion and announced

last month, highlights the race among AI infrastructure firms to

secure the energy and data center capacity required to meet

surging demand.

CoreWeave ( CRWV ), which provides access to data centers and

Nvidia-powered AI chips, initially submitted an unsolicited,

non-binding takeover offer to Core Scientific ( CORZ ) in June 2024.

However, the company rejected the offer, citing that its

business was significantly undervalued.

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