CoreWeave CEO Stands Firm on $9B Core Scientific Offer as Shareholder Opposition Mounts

CoreWeave (CRWV) CEO Michael Intrator told CNBC the company will not raise its $9 billion all-stock offer for bitcoin miner Core Scientific (CORZ), calling the acquisition a “nice to have, not a need to have.” He said the offer fairly reflects the relative value of both companies and that CoreWeave will continue as planned even if the deal is rejected.In addition, proxy advisory firm Institutional Shareholder Services (ISS) yesterday urged shareholders to reject CoreWeave’s proposed purchase of Core Scient ...