Blackstone Pitches Second Debt Package for Anthropic's Google Chip Deal
BX sits 33% above its 52-week low of $101.73 on light trading volume (0.2× avg).
Summary
Blackstone is pitching a second debt package to finance Anthropic's chip deal with Google, per Bloomberg. This follows Blackstone's earlier $5 billion joint venture with Google for TPU Cloud, signaling deepening ties in AI infrastructure financing. The deal could add to Blackstone's growing credit and private debt portfolio, which has seen strong demand. No terms disclosed, but the move underscores Blackstone's aggressive push into AI-related lending. Watch for further details on size and structure.
At the time of this announcement, BX was trading at $135.73 on NYSE in the Finance sector, with a market capitalization of approximately $168.8B. The 52-week trading range was $101.73 to $190.09. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.