BlackRock (BLK) In Exclusive Talks On $20 Billion Data Center Deal

What happened: BlackRock (NYSE:BLK) and partners are in exclusive talks to acquire Stack Infrastructure's Asia-Pacific data centers, in a potential US$20b to US$25b deal covering facilities that support AI and cloud computing workloads. Key numbers: Potential deal value US$20b to US$25b. BlackRock market cap about $173.3b. Why it matters: The talks align with BlackRock's push into AI infrastructure, tokenization, and data platforms, and would deepen its digital infrastructure exposure with institutional partners. The article notes fee pressure and integration risk remain part of the story.

BlackRock (NYSE:BLK) and partners are in exclusive talks to acquire Stack Infrastructure's Asia-Pacific data centers, in a potential US$20b to US$25b deal covering facilities that support AI and cloud computing workloads.

The talks align with BlackRock's push into AI infrastructure, tokenization, and data platforms, and would deepen its digital infrastructure exposure with institutional partners. The article notes fee pressure and integration risk remain part of the story.