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Meta in talks to raise $35 billion for data center financing led by Apollo, Bloomberg News reports
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Meta in talks to raise $35 billion for data center financing led by Apollo, Bloomberg News reports
Feb 27, 2025 10:39 AM

(Reuters) - Apollo Global Management is in talks to lead a roughly $35 billion financing package for Meta Platforms ( META ) to help develop data centers in the U.S., Bloomberg News reported on Thursday citing people with knowledge of the matter.

The alternative asset manager has discussed providing a major part of the financing, according to the report.

Meta CEO Mark Zuckerberg had said in January the company would spend as much as $65 billion this year to expand its AI infrastructure.

Meta and Apollo Global Management did not immediately respond to Reuters' requests for comment.

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