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Core Scientific shareholders reject $9bn acquisition by CoreWeave
Yahoo Finance· 2025-10-31 10:11
Core Scientific and CoreWeave Acquisition - Shareholders of Core Scientific voted against the $9 billion acquisition by CoreWeave, leading to the immediate termination of the deal [1] - The acquisition was an all-stock deal announced in July 2025, where each Core Scientific share was to be exchanged for 0.1235 shares of CoreWeave Class A common stock [2] - Had the merger proceeded, CoreWeave would have gained control over approximately 1.3 gigawatts (GW) of gross power capacity from Core Scientific's data centre portfolio [3] Expected Outcomes of the Acquisition - CoreWeave anticipated cost reductions through streamlined business processes and reduced lease obligations from the acquisition [4] - The merger was expected to provide greater flexibility in infrastructure financing and lower capital costs, along with enhanced control over critical power resources [4] - Core Scientific's data centre development capabilities were expected to complement CoreWeave's expertise in power procurement, construction, and site management [5] CoreWeave's Recent Developments - CoreWeave has acquired Marimo, a creator of an open-source Python-based development environment optimized for AI and data-intensive workloads [5] - The integration of Marimo into CoreWeave's ecosystem aims to enhance AI development and deployment by embedding its technology into the CoreWeave Cloud platform [6] - Marimo's offering is designed for version-controlled programming, facilitating seamless scalability from prototyping to production deployment, thereby enhancing CoreWeave's developer platform capabilities for AI applications [7]
CoreWeave Acquires Marimo to Unify the Generative AI Developer Workflow
Businesswire· 2025-10-30 14:41
Oct 30, 2025 10:41 AM Eastern Daylight Time CoreWeave Acquires Marimo to Unify the Generative AI Developer Workflow Share LIVINGSTON, N.J. & REDWOOD CITY, Calif.--(BUSINESS WIRE)--CoreWeave, Inc. (Nasdaq: CRWV), The Essential Cloud for AIâ"¢, today announced a definitive agreement to acquire Marimo Inc., the creator of the open-source marimo notebook, an AI-native, reactive development environment for Python, purpose-built for AI and data workloads. CoreWeave is powering the creation and delivery of the int ...