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WHTop → 📋 News → Alphabet to Acquire Intersect for $4.75B to Power Cloud, AI
Alphabet to Acquire Intersect for $4.75B to Power Cloud, AI
📅 - Alphabet has agreed to acquire Intersect in a cash transaction valued at $4.75 billion, including the assumption of debt, in a move that underscores the growing interdependence between data center expansion and energy infrastructure development in the United States.
The deal builds on an existing relationship between the companies, as Google already holds a minority stake in Intersect from an earlier funding round.
The acquisition is designed to accelerate the delivery of new data center capacity alongside new power generation, addressing one of the most pressing constraints facing the cloud and AI infrastructure market: access to reliable, scalable energy. Intersect brings with it a [...][... Check source for end of article ...]
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