""The lead negotiator for Amazon called me on Thursday," Neugebauer said."
""It's just a normal negotiation," he said. "Their issue was spending money after the exclusive period had ended.""
""It's a big deal," he said. "Big deals take longer.""
Amazon negotiated to become the anchor tenant for Fermi America's 11-gigawatt Texas Panhandle data-center campus, slated to take the first gigawatt across 12 facilities and pay over $20 billion across 20 years. In September Fermi announced a nonbinding letter of intent with an investment-grade tenant to anchor the project. The prospective tenant canceled a $150 million Advance in Aid of Construction Agreement after the exclusivity period ended, triggering a nearly 50% drop in Fermi's stock. Talks between the companies remain constructive, and the cancellation reflected timing and negotiation dynamics rather than a breakdown in conversations.
Read at Business Insider
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