Crusoe, a startup developing a large data center in Texas for Oracle (ORCL) and OpenAI, is arranging an employee share sale that values the seven-year-old firm at around $13B, according to two people with knowledge of the transaction, The Information’s Anissa Gardizy, Natasha Mascarenhas and Sri Muppidi report. The deal involves selling around $120M worth of employee shares and would value them at a 30% premium to an equity funding round Crusoe announced just weeks ago, these people said.
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