Meta in talks to raise $29 billion in external financing to expand its AI data centres
- Meta plans to raise $29 billion in external financing to expand its AI data centres, Financial Times reported citing people familiar with the matter.
- It plans to raise $3 billion through equity and $26 billion through debt.
- Talks between Meta and private credit investors such as Apollo Global Management, KKR, Brookfield, Carlyle and Pimco have advanced.
https://www.ft.com/content/aff1a2d2-d58e-44de-a114-9f0ce9d15a15