10:19 AM EDT, 08/06/2025 (MT Newswires) -- Apollo Global Management ( APO ) said Wednesday its managed funds will acquire a majority stake in Stream Data Centers from Stream Realty Partners to support the company's multigigawatt development pipeline.

Under the deal, Stream Data Centers' management team will retain a minority stake and continue to lead the business.

Apollo and Stream Realty will commit new capital to Stream's existing data center land fund for 650 megawatts of near-term capacity across campuses in Chicago, Atlanta and Dallas, the companies said.

The transaction is expected to close in 2025.

Financial terms of the deal were not disclosed.

Shares of Apollo were up 1.6% in recent trading.

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