Core Scientific could get north of $30/share in buyout, says Cantor Fitzgerald
According to a report, CoreWeave (CRWV) is in advanced talks to buy Core Scientific (CORZ), a deal that could be reached in the coming weeks, Cantor Fitzgerald analyst Brett Knoblauch tells investors. The firm says the acquisition makes sense from a pure ROI perspective for CoreWeave, and that if it were to happen, Core Scientific could get north of $30/share when accounting for value of data center infrastructure, but if CoreWeave uses all stock, that could raise the acquisition price.
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Core Scientific deal could be at over $30 per share, says Cantor Fitzgerald
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