GIP nears deal to buy Aligned Data Centers for about $40 billion, Bloomberg News reports
Home » GIP nears deal to buy Aligned Data Centers for about $40 billion, Bloomberg News reports

GIP nears deal to buy Aligned Data Centers for about $40 billion, Bloomberg News reports

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GIP nears deal to buy Aligned Data Centers for about $40 billion, Bloomberg News reports

(Corrects paragraph 3 to say Abu Dhabi-based AI investment firm MGX, not Mubadala, is involved in deal talks. The error appeared in an earlier version as well.) (Reuters) -BlackRock-owned Global Infrastructure Partners (GIP) is in advanced talks to acquire Macquarie-backed Aligned Data Centers in a deal valuing the technology infrastructure company at $40 billion, Bloomberg News reported on Thursday. The companies have yet to finalize a deal, but an agreement could be announced within days, Bloomberg said, citing people familiar with the matter. Abu Dhabi-based AI investment firm MGX, established by sovereign wealth fund Mubadala and G42 as founding partners, is also involved in the talks and will invest independently as part of a transaction, the report said. GIP and BlackRock declined to comment on the report. Aligned, Macquarie and Mubadala did not immediately respond to a Reuters request for comment. The enormous uptake of AI, both in business and personal use, has prompted a host of companies to invest in AI data centers. McKinsey estimates those investments to reach $6.7 trillion by 2030 to meet computing power demand. Texas-based Aligned, which specializes in AI-related infrastructure, raised more than $12 billion in January. (Reporting by Rhea Rose Abraham and Gnaneshwar Rajan in Bengaluru; Editing by Sonia Cheema)

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