Tuesday, 02 January 2024 12:17 GMT

Consortium Comprised Of Blackrock, Nvidia, Microsoft Among Others To Acquire Aligned Data Centers In $40 Billion Deal


(MENAFN- AsiaNet News)

An investment consortium comprising BlackRock Inc. (BLK), Nvidia Corp. (NVDA), Microsoft Corp. (MSFT), and Elon Musk-led xAI, among others, announced that they will acquire Aligned Data Centers. The deal values the company at $40 billion, including debt.

The deal also includes MGX, which is Mubadala Investment Co.'s AI investment arm. The investment consortium, dubbed The Artificial Intelligence Infrastructure Partnership, is initially targeting the deployment of $30 billion in equity, which can be raised to $100 billion eventually, including debt.

BlackRock's shares were up nearly 2% in Wednesday's pre-market trade, while Nvidia's shares were up around 3%. Retail sentiment on Stocktwits around BlackRock was in the 'extremely bullish' territory, while users felt 'neutral' about Nvidia.

Get updates to this story developing <directly on Stocktwits<.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

MENAFN15102025007385015968ID1110200210



Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.