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Stock impact report

Oracle stock dips 5% as Blue Owl Capital pulls out of funding $10 billion data center [MSNBC.com]

Blue Owl Capital Inc. Class A (OWL) 
Company Research Source: MSNBC.com
In this articlewatch nowVIDEO2:3702:37Blue Owl decided not to pursue Oracle’s $10 billion Michigan data center, source familiarSquawk on the StreetBlue Owl CapitalBlue Owl had been in talks with Oracle about funding a 1-gigawatt facility forOpenFinancial TimesHowever, the plans fell through due to concerns about Oracle's rising debt levels and extensiveartificial intelligenceThis comes as some investorsraise red flagsThe concern is that some hyperscalers are turning to private equity markets rather than funding the buildings themselves, and entering into lease agreements that could prove risky.Other names also sank on Wednesday, withBroadcomNvidiaAMDCoreWeaveBlue Owl did look into the project, but pulled out due to unfavorable debt terms and the structure of repayments, according to a person familiar with the company's plans who asked not to be named in order to discuss a confidential matter.Blue Owl is still involved in two other Oracle sites, the person said.The person added that B Show less Read more
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