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CoreWeave CEO Downplays Urgency of Core Scientific Acquisition Amid Shareholder Resistance

CoreWeave’s chief executive has characterized the proposed acquisition of Core Scientific as non-essential despite the ongoing $9 billion deal. Shareholder opposition led by Two Seas Capital and critical analysis from Institutional Shareholder Services have raised questions about the transaction’s valuation and process.

Acquisition Faces Mounting Opposition

CoreWeave’s planned $9 billion acquisition of data center provider Core Scientific is encountering significant resistance from shareholders and proxy advisory firms, according to recent reports. The deal, which would transfer Core Scientific’s substantial 1.3GW data center capacity to the AI cloud firm, was initially agreed upon on July 7 as an all-stock transaction.

CloudTechnology

Major AWS Disruption Impacts Alexa, Banking, and Key Apps Across US and UK

A significant Amazon Web Services outage has disrupted numerous digital services, from smart home devices to critical healthcare systems. The incident underscores the fragility of centralized cloud infrastructure affecting millions globally.

Widespread Service Disruptions Reported

A major outage at Amazon Web Services has caused extensive disruptions to popular apps and services across the United States and United Kingdom, according to reports. The outage, which began in the early hours of Monday, October 20, has affected everything from smart home devices to critical banking and healthcare services, sources indicate.