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Alphabet, Google’s parent company, announced on Monday that it has agreed to buy the data center and energy company Intersect in a deal worth $4.75 billion. Intersect specializes in developing data center projects alongside energy plants, a pairing that makes a lot of sense as data centers are known to strain the power grid.
Alphabet had previously invested in Intersect, but now it’s buying the company outright.
“Intersect will help us expand capacity, operate more nimbly in…
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Alphabet, Google’s parent company, announced on Monday that it has agreed to buy the data center and energy company Intersect in a deal worth $4.75 billion. Intersect specializes in developing data center projects alongside energy plants, a pairing that makes a lot of sense as data centers are known to strain the power grid.
Alphabet had previously invested in Intersect, but now it’s buying the company outright.
“Intersect will help us expand capacity, operate more nimbly in…
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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