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theedgemalaysia.comSEP 242 min read$BLK

BlackRock, IFM close in on US$25 bil stack data centre deal — Bloomberg

BlackRock-backed AIP and IFM are nearing a deal to acquire Stack data centres from Blue Owl Capital, valued at US$20-25 billion. Blue Owl initially sought over US$30 billion. AIP, which includes Microsoft and Mubadala, focuses on AI infrastructure. Deliberations are ongoing and may change. Stack's data centres are in Asia-Pacific regions.

Original reporting
theedgemalaysia.com
Published Sep 24, 2026, 7:48 AM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Sep 24, 2026, 8:54 AM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
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BlackRock, IFM close in on US$25 bil stack data centre deal — Bloomberg — source image
Source · theedgemalaysia.com
Decision brief

The 30-second read

$BLKBullishMed
01

Why it matters

If completed, the deal would be one of the largest AI‑infrastructure transactions in the region, affecting both infrastructure REITs and large asset managers.

02

Market read

The potential transaction could reshape the AI data centre landscape in Asia and influence related equities.

03

What to watch

Regulatory approvals in multiple jurisdictions could delay or derail the transaction.

Relevance 9/10Novelty 9/10Timing: ongoing due‑diligence phase

Background

The article reports the first public disclosure of a potential $20‑25 billion acquisition of Stack's APAC data centre portfolio by a BlackRock‑backed consortium.

Company-level read

Ticker impact

$BLKBullishHigh confidence
Context

BlackRock, via its AI Infrastructure Partnership, is a lead suitor in the $20‑25 billion Stack data centre acquisition.

Expected impact

BlackRock stock may see modest upside if deal terms become clearer.

Evidence & confidence

Deal size is material and aligns with BlackRock's AI infrastructure strategy, attracting investor interest.

Market effects

Sector

Highlights growing demand for AI‑related data centre capacity in Asia.

Regional

May boost sentiment for infrastructure and REIT stocks in the APAC region.

Global

Signals continued capital allocation to AI infrastructure by major global investors.

Counterpoint

What could challenge this read

Deal could stall, leaving Stack assets undervalued and creating a buying opportunity for competitors.

Key entities

  • Asset Manager
    BlackRock

    US‑listed investment manager leading the AI Infrastructure Partnership.

  • REIT
    Blue Owl Capital

    Owner of Stack, seeking to sell its data centre assets.

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