US data center developers seek to sell majority stakes worth tens of billions – WSJ
Major U.S. data center developers are working with investment banks to sell controlling equity stakes this summer, aiming to raise tens of billions of dollars to fund AI infrastructure expansion.
According to the Wall Street Journal, large US data center developers are engaging investment banks to sell majority equity stakes in deals valued collectively at tens of billions of dollars. The transactions are expected to take place this summer.
The capital raised will be used to accelerate the build-out of AI infrastructure, as demand for compute capacity surges. The developers are targeting infrastructure funds, private equity firms, and sovereign wealth investors as potential buyers.
Source: First Squawk