Blue Owl Shares Rise on Stack Data Center Sale Report

Stack Infrastructure Explores Asia Operations Sale

Stack Infrastructure, a data center company owned by Blue Owl Capital, is reportedly considering a sale of its Asia operations. The potential transaction could value the assets at more than $30 billion, leading to a modest rise in Blue Owl's stock price.

Strategic Review of Asia Pacific Assets

According to reports, Stack is in discussions with advisers for a partial or full sale of its data centers in Japan, Australia, and Malaysia. This move follows Stack's expansion into the Asia Pacific region in 2021 and its acquisition by Blue Owl last year as part of the IPI Partners LLC takeover. The company currently operates data centers across the Americas, Europe, and Asia.

Market Impact and Outlook

Following the news, shares of Blue Owl Capital Inc. (NYSE:OWL) saw a 0.7% increase in premarket trading. The potential sale is expected to attract interest from infrastructure-focused funds and other industry players. However, deliberations are in a preliminary stage, and no final decisions have been confirmed.

Conclusion

The consideration of a major asset sale by Stack Infrastructure highlights the high-value nature of data center assets in the rapidly growing Asia Pacific market. Investors will be closely watching for further announcements, as a sale of this magnitude could significantly impact Blue Owl's portfolio and strategy.

FAQ

Q: Which company is considering a sale?
A: Stack Infrastructure, a data center firm owned by Blue Owl Capital, is considering selling its Asia operations.

Q: What is the potential value of the deal?
A: The transaction could be valued at more than $30 billion.

Source: Investing.com