US EditionMeta in $27 billion financing deal with Blue Owl Capital for Louisiana data center
- Meta formed a joint venture with Blue Owl Capital worth $27 billion to develop a data center in Louisiana, as announced on Tuesday.
- Blue Owl Capital will own 80% of the joint venture, with Meta holding a 20% stake and overseeing construction and management.
- Blue Owl contributed $7 billion in cash, and Meta received a one-time payout of $3 billion.
- The partnership aims to provide the necessary speed and flexibility for Meta's long-term artificial intelligence ambitions, according to a company statement.
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39 Articles
Meta has reached a $27 billion financing deal with Blue Owl Capital to finance its largest data center project globally, as big tech companies rush to build the infrastructure needed to power their artificial intelligence ambitions. Tuesday’s announcement marks Meta’s largest private equity deal ever, the Telegraph reports. Meta will hold about 20% of the equity in the Louisiana project, with the majority owned by funds that alternative asset ma…
Meta in US$27 billion financing deal with Blue Owl Capital for Louisiana data centre
BENGALURU: Meta has struck a US$27 billion financing deal with Blue Owl Capital to fund its biggest data centre project globally, as large technology companies race to build out the infrastructure needed to power their artificial intelligence ambitions.
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