DataBank Seeking Up to $25 Billion Sale Amid Data Center Equity Deals
Several data center firms are working to sell majority equity stakes worth tens of billions of dollars this summer, with the largest potential deal being DataBank's sale for as much as $25 billion. The market faces a challenge of whether sufficient capital exists for all these large transactions, according to Ravi Purohit of Paul Weiss.
So What
Major data center firms are seeking multi-billion dollar equity sales, testing the market's capacity for large-scale infrastructure investment.