Equinix Turbocharges AI And Cloud Growth With $15B Joint Venture: Expanding xScale Data Centers Worldwide

Equinix, Inc. (NASDAQ:EQIX) shares are trading lower on Thursday.

On Tuesday, the company disclosed a joint venture with GIC and Canada Pension Plan Investment Board (CPP Investments).

All parties have made equity commitments, and the JV plans to raise more than $15 billion in investable capital through equity and debt.

As per the terms, CPP Investments and GIC will each hold a 37.5% equity stake in the joint venture, while Equinix will own 25%.

Equinix’s current hyperscale joint venture portfolio in Europe, Asia-Pacific, and the Americas has over $8 billion in committed investment. When fully built out, it aims to deliver more than 725 MW ...

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