A consortium backed by BlackRock and IFM Investors has entered exclusive talks to acquire Stack Infrastructure’s Asia-Pacific data centres, Bloomberg News reported, citing people familiar with the matter. The group is preparing to conduct due diligence on the assets.
The portfolio could be valued at around $20 billion to $25 billion, Bloomberg reported. Discussions are ongoing with Stack’s owner, Blue Owl Capital, and sources said the parties hope to reach an agreement soon.
No sale has been completed, and the talks could be prolonged or fail. Reuters said it could not independently verify Bloomberg’s report; the companies had not immediately responded to requests for comment.
Sources: Reuters; Bloomberg News.