Oracle's Deal Negotiations in Focus Amid Price Decline

about 1 month ago

Carmen Rinkey

"Yeah, a lot of movement in the AI stocks today. So, let's look at Oracle first. It's down 4 and a.5% today. Um, so the company said final negotiations on an equity deal for a data center project in Michigan didn't include Blue Owl Capital. So, this is a firm that's helped finance a lot of major data center projects for other firms um other than Oracle, including like Meta Platforms. So they said that it doesn't include Blue Owl but that overall negotiations on are on schedule."

The insight covers Oracle's current scenario where its shares are down about 4.5% following news that its final equity deal negotiations for a Michigan data center project excluded Blue Owl Capital. Despite the exclusion, the negotiations appear to be on track, offering clarity on the company's progress in securing its development partner.

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