CoreWeave to acquire Core Scientific in all-stock deal; stocks tumble

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Wooden blocks with text M and A on light blue paper, business concept. MA - short for mergers and acquisitions

CoreWeave (NASDAQ:CRWV) is acquiring data center infrastructure provider Core Scientific (NASDAQ:CORZ) in an all-stock deal.

Shares of Core Scientific tumbled about 19%, while CoreWeave stock fell about 5% premarket on Monday.

Under the merger agreement, Core Scientific stockholders will receive

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