BlackRock Data Center Acquisition Commentary

10 days ago

Carol Masser

"Um so shares of a black rockck ticker BLK they finished today up just 0.7% but earlier they were up more than 2% and that is because their global infrastructure partners uh unit agreed to buy align data centers from aquery buying data. Everybody wants a data center including Black Rockck. So this is actually a $40 billion deal which when you consider how much Black Rockck has in assets under management that's like a drop in the bucket."

The speaker highlights BlackRock (BLK) securing a data center deal through its global infrastructure partners, describing the $40 billion acquisition as a relatively minor expense given its vast assets under management, hinting at promising engagement in the data center space.

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