Global Infrastructure Partners (GIP), a subsidiary of BlackRock, is reportedly advancing towards acquiring Aligned Data Center. This deal could potentially value the data center at around $40 billion, according to Bloomberg sources.
BlackRock’s Stock Performance
As discussions intensify regarding the acquisition, BlackRock’s stock saw a slight uptick during pre-market trading on Friday. Analysts indicate a positive outlook for the stock, with a consensus of Strong Buy based on recent evaluations.
About Aligned Data Center
Aligned Data Center, supported by Australian asset manager Macquarie, specializes in designing and constructing data centers tailored for artificial intelligence workloads. The company operates not only throughout the United States but also in North and South America, including significant locations in Mexico, Colombia, Chile, and Brazil.
GIP’s Strategic Moves
GIP’s interest in Aligned Data Center is part of a broader strategy to capitalize on the growing demand for AI infrastructure. The firm’s recent ventures include potential acquisitions in the energy sector, notably a $38 billion bid for utility giant AES Corp.
- AES Corp. focuses on generating and distributing electricity.
- The company is positioned to meet the increasing power demand from tech investments in data centers.
AI Investment Landscape
The global investment landscape indicates a surge in AI-related deals. Notably, Oracle has been proactive, securing a staggering $300 billion cloud contract with OpenAI. Other significant partnerships include Meta’s $20 billion agreement with Oracle and a $14 billion deal with CoreWeave.
Potential Risks and Considerations
Despite the optimism surrounding GIP’s efforts, insider sources caution that the acquisition of Aligned Data Center is not guaranteed. Current negotiations remain tentative, with factors that could influence the deal still under review.
BlackRock Investment Insights
On Wall Street, BlackRock is currently receiving positive recommendations, highlighted by an average price target of $1,223.42. This represents a projected growth of 5.42%. Investors and analysts alike are observing the situation closely, assessing both the potential and risks involved in GIP’s latest venture.
