Blackstone Nears Deal to Buy Data Center Firm Rowan

Blackstone is close to a deal to buy Rowan Digital Infrastructure, a major U.S. data center developer that builds campuses for large cloud providers, according to a person with direct knowledge of the deal. The terms of the deal couldn’t be learned, but the company would likely be valued at more than $10 billion, including its debt, people familiar with its financials said. The talks are ongoing, and the acquisition could still fall apart.

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