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FROM SRN NEWS

BlackRock, IFM close in on $25 billion Stack data center deal, Bloomberg News reports

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Sept 24 (Reuters) – A consortium backed by BlackRock and IFM Investors has entered into exclusive talks for a potential acquisition of Stack Infrastructure’s Asia Pacific data centers, in a deal that could value the portfolio at up to $25 billion, Bloomberg News reported on Thursday, citing people familiar with the matter.

Reuters could not immediately verify the report.

(Reporting by Rhea Rose Abraham in Bengaluru; Editing by Subhranshu Sahu)

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