"Cloud infrastructure giant Oracle is looking to raise $15 billion through corporate bond sales, according to reporting from Bloomberg, citing sources. The sale could include up to seven different parts, with the potential for one said part to be an uncommon 40-year bond, Bloomberg reported. TechCrunch reached out to Oracle for more information. This report comes just a few weeks after Oracle reportedly signed a sizable deal with OpenAI to supply the AI research lab with $300 billion worth of compute."
"Questions of how either side was going to pay for such a deal shortly came after. The company is also reportedly in talks with Meta about a $20 billion compute deal as well. Oracle announced Monday that Safra Catz was transitioning from the company's CEO to instead serve as the executive vice chair of Oracle's board of directors after 11 years at the helm. Catz will be replaced by co-CEOs Clay Magouyrk and Mike Sicilia."
Oracle is seeking to raise $15 billion through corporate bond sales that could include up to seven tranches and possibly an uncommon 40-year bond. The fundraising follows reports of a $300 billion compute supply deal with OpenAI and talks with Meta about a $20 billion compute arrangement. Questions emerged about how the compute deals will be financed. Oracle announced a leadership change: Safra Catz will transition from CEO to executive vice chair of the board after 11 years, and co-CEOs Clay Magouyrk and Mike Sicilia will replace her. TechCrunch contacted Oracle for more information.
Read at TechCrunch
Unable to calculate read time
Collection
[
|
...
]