RealFeedApp Oracle sells $20 billion in stock and debt
The company plans to issue $10 billion in common stock and $10 billion in senior notes. Shares fell more than 6% on Monday.
- Field
- business and funding
- What they did
- Oracle filed plans to sell $20 billion in new stock and bonds to finance its artificial intelligence infrastructure buildout.
- Why it matters
- The company intends to use the raised funds for capital expenditures, debt repayments, and future investments, as stated by its leadership regarding expansion in the AI sector.
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