(Reuters) -Meta Platforms was set to seal an almost $30 billion finance package for its data center site in rural Louisiana, which would be the largest private capital deal on record, Bloomberg News reported on Thursday.
Large-scale cloud service providers, called hyperscalers, have been racing to build AI infrastructure, with most of the investment going towards powering data centers.
Meta and alternative asset manager Blue Owl Capital will split ownership of the Hyperion data center site in Richland Parish, Louisiana, with the social media giant retaining just 20%, Bloomberg said, citing people with knowledge of the matter.
Morgan Stanley arranged more than $27 billion debt and about $2.5 billion equity into a special purpose vehicle to finance the build-out, according to the report.