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The Economic Times
The Economic Times
Technology

BlackRock, IFM close in on $25 billion Stack data center deal: Bloomberg

BlackRock Stack IFM Asia AIP IFM Investors

A consortium backed by BlackRock and IFM Investors is in exclusive talks to buy Stack Infrastructure's Asia Pacific data center portfolio for up to $25 billion, Bloomberg News reported on Thursday, citing people familiar with the matter.

Global investors have been pouring money into Asia's booming data center sector, driven by rising demand for cloud computing, AI and digital services.

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