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Alphabet to acquire Intersect for $4.75 billion to boost data center capacity [Yahoo! Finance]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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and energy infrastructure solutions, for $4.75 billion in cash plus the assumption of debt. Google already owns a minority stake in Intersect from a previous funding round. The acquisition aims to enable more data center and generation capacity to come online faster while accelerating energy development and innovation. The deal includes Intersect's team and multiple gigawatts of energy and data center projects currently in development or under construction from its existing partnership with Google. Intersect will explore emerging technologies to increase energy supply while supporting Google's U.S. data center investments to meet Cloud customer demand. Under the agreement, Intersect's operations will remain separate from Alphabet and Google, continuing under the Intersect brand with Sheldon Kimber as leader. The company will work closely with Google's technical infrastructure team on ongoing and new joint projects, including their first co-located data center and power site bein
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- Alphabet set to buy data center, energy infrastructure developer Intersect for $4.75 billion in cash [Business Insider][Business Insider]
- Google's parent buys data center energy specialist Intersect for $4.75 billion to help power AI [Globe and Mail, The (Toronto, Canada)][Globe and Mail, The]
- Google's parent buys data center energy specialist Intersect for $4.75 billion to help power AI [Yahoo! Finance][Yahoo! Finance]
- Elevate your home bar with these mixology gadgets [TechCrunch][TechCrunch]
- Splat's app uses AI to turn your photos into coloring pages for kids [TechCrunch][TechCrunch]
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