Data Centers Sell Majority Stakes Worth Tens of Billions in Summer, Led by $25 Billion DataBank Deal
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Data center operators are marketing majority equity stakes this summer in transactions collectively worth tens of billions of dollars, with the largest potential deal involving DataBank reaching a valuation of up to $25 billion, according to a Wall Street Journal report.
Ravi Purohit of Paul Weiss noted that capital availability is limited, raising questions about whether buyers have sufficient funds to complete all the proposed deals.
From the sources (1 posts)
@anissagardizy8SCOOP: Data center firms are working to sell majority equity stakes worth tens of billions of dollars this summer. - The largest deal could see DataBank sell for as much as $25B - The big question is whether there's enough capital for all