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CoreWeave Abandons $9 Billion Merger Amid Shareholder Rejection

10/31/2025

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Summary

Story summary

CoreWeave terminated its proposed $9 billion acquisition of Core Scientific after shareholders rejected the merger.
Following the announcement, CoreWeave's stock fell 6.3%, while Core Scientific's shares rose 6%.
The merger faced opposition from proxy advisers and major investors who argued Core Scientific could thrive as a standalone company.
CoreWeave will continue its partnership with Core Scientific and has announced the acquisition of Marimo Inc., an AI software maker.

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Story summary

CoreWeave terminated its proposed $9 billion acquisition of Core Scientific after shareholders rejected the merger.
Following the announcement, CoreWeave's stock fell 6.3%, while Core Scientific's shares rose 6%.
The merger faced opposition from proxy advisers and major investors who argued Core Scientific could thrive as a standalone company.
CoreWeave will continue its partnership with Core Scientific and has announced the acquisition of Marimo Inc., an AI software maker.