BlackRock's GIP Closes $40B Aligned Data Centers Buy, Adds $5B Growth Capital
BLK sits 16% above its 52-week low of $917.39.
Summary
BlackRock's Global Infrastructure Partners, alongside MGX and AIP, closed the acquisition of Aligned Data Centers at an enterprise value of approximately $40 billion. The consortium also committed an additional $5 billion in growth capital to fund Aligned's expansion of AI-ready capacity. This deal significantly scales BlackRock's digital infrastructure footprint, capitalizing on surging demand for data center capacity driven by AI workloads. The transaction follows BlackRock's record Q2 results with $15.3 trillion in AUM and underscores its strategic push into alternative assets. Aligned will continue under its existing management team and remain headquartered in Dallas.
At the time of this announcement, BLK was trading at $1,065.03 on NYSE in the Finance sector, with a market capitalization of approximately $171.4B. The 52-week trading range was $917.39 to $1,219.94. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.