Sep 1, 2026 – 6.18pmBlackRock’s Global Infrastructure Partners is set to tow Nasdaq’s trillion-dollar club into the $25 billion-plus auction for Stack Infrastructure’s Asia Pacific data centres.AI Infrastructure Partnership, an investment syndicate comprised of GIP, Nvidia, Microsoft and Abu Dhabi’s MGX, has submitted a non-binding indicative bid for the Stack business, Street Talk can reveal. AIP teamed up with IFM Investors before Monday’s deadline for non-binding indicative bids.Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Angira Bharadwaj is a co-editor of Street Talk. She covers IPOs, capital raises, mergers and acquisitions and other breaking news in Australia’s capital markets. Previously, she covered financial services, state, and federal politics. Send tips to @angirab.60 on encrypted messaging platform Signal.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
Bids land for Stack’s $25b-plus data centres; MacCap lurks
The sale is expected to see Stack’s data centres in Sydney, Melbourne, Malaysia and Japan valued at $US18 billion ($25 billion) to $US30 billion.
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