Meta seeks $29 billion from private capital firms for AI data centres: Financial Times

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Meta Platforms is seeking to raise $29 billion from private capital firms to build artificial intelligence data centres in the U.S., the Financial Times reported on Friday.

The Facebook-parent has advanced discussions with private credit investors including Apollo Global Management, KKR , Brookfield , Carlyle and PIMCO, the report said, citing people familiar with the matter.

Meta is looking to raise $3 billion in equity and $26 billion in debt, the report said, adding that the company is debating how to structure the debt raising and may also seek to…



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Meta seeks $29 billion from private capital firms for AI data centres: Financial Times



Meta Platforms is seeking to raise $29 billion from private capital firms to build artificial intelligence data centres in the U.S., the Financial Times reported on Friday.

The Facebook-parent has advanced discussions with private credit investors including Apollo Global Management, KKR , Brookfield , Carlyle and PIMCO, the report said, citing people familiar with the matter.

Meta is looking to raise $3 billion in equity and $26 billion in debt, the report said, adding that the company is debating how to structure the debt raising and may also seek to…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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