BlackRock-backed consortium in talks for $25 billion acquisition of Stack’s data centers

BlackRock and IFM-led investor group has exclusive talks to acquire Stack Infrastructure's Asia Pacific data centers, potentially for $20B-$25B. The assets include sites in Tokyo, Osaka, Melbourne, Sydney, and Malaysia. Discussions are ongoing and may not result in a deal. Stack had previously explored a sale with a higher valuation proposed by Blue Owl.

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BlackRock and IFM Investors are in exclusive talks to acquire Stack Infrastructure's Asia Pacific data center portfolio for up to $25 billion, according to Bloomberg News. The deal is driven by rising demand for cloud computing and AI services. Stack's owner, Blue Owl Capital, is in discussions with the investor group, which includes the BlackRock-backed AI Infrastructure Partnership (AIP).

A consortium backed by BlackRock (BLK.US) and IFM Investors is in exclusive talks to acquire Stack Infrastructure Inc.'s Asia-Pacific data centers, valued at $20B-$25B. Stack is owned by Blue Owl Capital (OWL.US). The deal, if finalized, would be among the largest data center transactions in the region, reflecting strong AI growth trends.

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.