CoreWeave CEO Won’t Raise Core Scientific Bid Despite Opposition

CoreWeave Inc., a data center company, has offered to acquire Core Scientific Inc. for $9 billion. However, this deal is facing opposition from major shareholders of Core Scientific. Despite the opposition, CoreWeave's CEO has stated that the company will not raise its original $9 billion bid. The acquisition would expand CoreWeave's data center capabilities and strengthen its position in the market. Core Scientific is a significant player in the data center industry, and the merger would create a more significant combined entity. While the deal has faced some resistance, CoreWeave's management believes that the proposed $9 billion offer is fair and reasonable. The company is confident in its ability to integrate Core Scientific's operations and deliver value to its shareholders. The outcome of the acquisition remains uncertain, as Core Scientific's major shareholders continue to voice their concerns. However, CoreWeave remains committed to the current offer and is not willing to increase the bid at this time.