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00:02CoreWeave CEO Michael Entrader told CNBC the proposed acquisition of Core Scientific is optional, not essential, and shareholders may block the deal.
00:10CoreWeave proposed a $9 billion all-stock acquisition of Core Scientific in July, causing Core Scientific shares to drop nearly 18% after the announcement.
00:18Institutional Shareholder Services recommended voting against the acquisition, saying Core Scientific's rising share price suggests investors see higher value than the offer.
00:26CoreWeave, which provides NVIDIA-powered AI infrastructure hyperscalers like Microsoft, has no plans to raise its bid.
00:342C's Capital, a major core scientific shareholder, also urge investors to reject the deal, calling it underwhelming.
00:40Voted scheduled for October 30th.
00:41For all things money, visit Benzinga.com.
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