CoreWeave Agrees to $9B Acquisition of Core Scientific, Shares Slide

CoreWeave has agreed to acquire Core Scientific in a $9 billion all-stock deal, causing Core Scientific’s shares to drop by 13%. The deal, set to close in the fourth quarter of 2025, will bring Core Scientific’s data center operations under CoreWeave, boosting future revenue growth. The acquisition offers a share price of $20.40, significantly higher than the previous $5.75 per share offer rejected by Core Scientific last year. CoreWeave’s shares have surged since going public in March, currently renting out Nvidia graphics processing units to companies like Microsoft for AI computing needs.

Read more at Yahoo Finance: CoreWeave, Core Scientific Shares Slide on $9B Acquisition Deal