MGX and BlackRock buy Allied for 40B

MGX Corporation, in collaboration with the AI infrastructure partnership, announced its complete acquisition of Allied Data Centers for approximately $40 billion, making it one of the largest acquisitions in the digital infrastructure sector. Allied focuses on developing innovative data centers and boasts a portfolio of 51 complexes worldwide, featuring water-saving cooling technologies and high energy efficiency. The investment is part of a plan to finance the company's expansion and increase its capabilities in artificial intelligence, with the coalition adding an additional $5 billion investment to support the company's growth. The acquisition also reflects the partnership's commitment to strengthening digital infrastructure to advance AI technologies globally, while boosting Abu Dhabi's presence in this industry.

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