UAE technology investor MGX is reportedly in talks to acquire a stake in US-based Aligned Data Centers.
The potential deal comes as Global Infrastructure Partners, part of New York-headquartered asset manager BlackRock, is in advanced negotiations to acquire Aligned from Macquarie-backed investors.
MGX is expected to invest independently as part of any transaction, Bloomberg reported.
Headquartered in Plano, Texas, Aligned has 50 campuses and 78 data centres under management and future development in the US and South America, according to its website.
In August 2023 Mubadala, one of the founding partners of MGX, invested in Aligned and took a stake in London-based Yondr Group, a developer of hyperscale data centres, a year later.
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Media reports suggested this month that MGX is preparing to take a 15 percent stake in TikTok’s US operations, as part of a deal brokered by the White House.
MGX also plans to raise $25 billion to accelerate its push into AI, Bloomberg reported in August.
The UAE tech investment company was launched in March last year with Mubadala and G42, the emirate’s artificial intelligence investment arm, as its founding partners.
MGX is chaired by the UAE national security adviser, Sheikh Tahnoon bin Zayed Al Nahyan. Mubadala CEO Khaldoon Al Mubarak is its vice chairman.
In September last year the company joined the $30 billion Global AI Infrastructure Investment Partnership, which will build data centres and energy infrastructure.
