Sources: Meta is looking to raise $3B in equity and $26B in debt, from private capital firms, including Apollo Global and KKR, to fund its data center build out (Financial Times)
53d ago
Technology
Techmeme

Meta Platforms is reportedly seeking to raise $3 billion in equity and $26 billion in debt to finance its ongoing data center expansion. According to sources cited by the Financial Times, the funding is being pursued from private capital firms, including Apollo Global Management and KKR. Apollo, Brookfield, and Pimco are among the lenders in discussions with Meta. The substantial capital raise underscores Meta's commitment to building out its infrastructure to support its growing AI and metaverse ambitions.