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Let's take a look at some of the stocks on the move today. Paul Sunia alongside Alexis Christophers, and we're joined by Bloomberg's Smitte Alsa. What are you looking at all?
Right? I gotta start with the big deal making news, right. Kimberly Clark agreed to about talent o' maker ken View. It's a deal worth about forty billion dollars. The company said the deal has an enterprise value about forty eight point seven billion. So you have Kimberly Clark ticker KMB, which owns up course, Kleenex, Huggies brands, things like that. Their shaws have been down as much as sixteen percent.
Then we look at Kenview ticker KVUE. They include aside from the Thailand all they have nutrig and a lotion, Listerine, mouth washed, Bendadryl, band aids, all that kind of stuff up as much as nineteen percent. But the company's really been, i mean struggling since it's spun off from Johnson and Johnson, and they said the combination would allow Kimberly Clarks of the combination is going to allow us to surpass Unilever to become the second biggest seller of health and wellness products,
right after Procter and Gamble. So this was some really really big news this morning. The only kind of issue is that the Trump administration's attacks on Tail and All, which is ken View's biggest product, so that could be an issue. But the the deal is currently.
I've got out to Jen Ree, she does antitrust for Bloomberg Intelligence to see whether this single get approved. But of course the first thing I do anytime I see a big M and a trade, and this is a big M and a trade, M and a go who's getting paid here? Kimberly Clark being advised by JP Morgan and PJT Partners. PGT Partners is Paul Tauman's firm, great firm, he's an ex Morgan Stanley guy. And Kenvy is being advised by Centerview Partners. That's Blair Efron. He's a great
banker in Goldman Sachs. So everybody's getting there and lots of bank lots of lawyers as well. Very true but the snock and pre market Kimberly Clark down about fifteen percent right now, So yeah, you use some stock in there, so it's going to be diluted. And when I see a move like this at down fifteen percent for the buyer, it says the market's telling me they overpaid. We'll see. We can talk to the Kimberly Clark analyst and the Bloomberg Intelligence program coming up later.
All right, excellent Australian company. Iron I want to get to them here. I took your ire in. Their shares have been up as much as twenty two percent. The reason for this. Microsoft apparently signed an approximately nine point seven billion dollars deal to purchase AI cloud capacity from the company, and that's making it its largest customer. It's also one of the largest deals yet in the AI
infrastructure sector, so this is pretty big. It's a five year agreement and what it includes a twenty percent prepayment. It's going to give Microsoft access to Nvidia accelerator systems and Texas for those AI workloads. And that site over in Texas is going to have these liquid cool data centers. It supports up to two hundred megawatts of IT load. I guess that's a lot a lot of the megawats. But Iron also partner with Dell to purchase the GPU's
related equipment for about five point eight billion dollars. So a lot going on in the AI space this morning. Because if I look at the next one cipher mining at Sticker CifR, their shares have risen as much as twenty one percent. They reported yes adjustable earnings per year in the third quarter of that beat. But the big news is that it's signed a five and a half billion dollar, fifteen year lease agreement with Amazon Web Services. They're going to provide space power AI workloads, so they
operate industrial scale data centers. We're talking about cipher and they're a big player in the crypto space, but now they're going to have they're having this growing role in the AI market. All these deals we've been talking about in the need for AI to power those data centers. They're going to deliver air liquid cooling to the racks. Capacity going to be delivered in two phases, so you can expect to begin in July twenty twenty six and then complete in the fourth quarter of twenty twenty six.
But a lot of AI news rounding a lot of these the time.
This stockmover's report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street and for the latest market moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg dot com, and on Applecarplay and Android Auto with the Bloomberg Business app.