Oracle reportedly cites ‘force majeure’ to shield itself on controversial data center
ORCL•Oracle reportedly sent a “force majeure” notice to the developer of a large New Mexico data center project, seeking protection from potential cost increases. Its shares fell nearly 5% in premarket trading after the report.
1. Notice to developer
Oracle is seeking to protect itself from potential cost increases related to a large data center project in New Mexico by sending a “force majeure” notice to the developer, Bloomberg News reported, citing sources familiar with the matter. Reuters could not independently verify the report.
