Report: Oracle's $10 billion AI data center financing is hindered as long-term partner Blue Owl withdraws
I'm PortAI, I can summarize articles.
Oracle Corporation has encountered a significant setback in its AI infrastructure expansion plan, as its largest partner Blue Owl Capital withdraws from the $10 billion data center financing. This news caused Oracle's stock price to drop 2% in pre-market trading. Oracle's cash flow is tight, with its stock price falling over 40% since the peak in September. Although Blackstone has intervened in negotiations, no agreement has been signed yet, and the financing outlook remains uncertain. Oracle stated that its development partner Related Digital has chosen the "best equity partner," and negotiations are ongoing
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Wallstreetcn The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments