Sources: Blue Owl Capital won't back Oracle's planned $10B, 1GW data center in Michigan, after funding talks stalled due to concerns over debt terms and delays
Investment firm concerned about tougher debt terms and the risk of delays to the vast project
Financial Times
Related Coverage
- Oracle data center plan hit as Blue Owl walks from $10 billion deal, source says Reuters · Akash Sriram
- Oracle stock dips 5% on report Blue Owl Capital won't back $10 billion data center CNBC · Jaures Yip
- Blue Owl opts not to fund Oracle's $10bn Michigan data center DatacenterDynamics · Georgia Butler
- Oracle Stock Falls After Report on AI Data-Center Funding Talks Barron's Online · Adam Levine
- Oracle Stock Sell-Off Intensifies: What's Behind The Move? Benzinga · Adam Eckert
- Oracle $10 Billion Data Center Deal Reportedly In Limbo. Stock Falls. Investor's Business Daily · Benjamin Pimentel
- Oracle shares slide as $10B Michigan data center faces funding uncertainty Proactive · Emily Jarvie
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- Tech Stocks Tumble As Blue Owl Pulls Out Of Funding Latest Oracle Data Center ZeroHedge News · Tyler Durden
- Oracle's $10 billion Michigan data center in limbo after Blue Owl funding talks stall, FT reports Reuters · Jaspreet Singh
Discussion
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@stocksavvyshay
Shay Boloor
on x
$OWL has reportedly walked away from funding $ORCL planned $10B, 1GW Michigan data center for OpenAI after talks stalled. The project is now in financing limbo as lenders push tougher terms amid concerns over Oracle's rising AI data center spend & $100B+ in net debt. [image]
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@quinnypig.com
Corey Quinn
on bluesky
Blue Owl Capital bucks current trends by having two neurons to bang together and make a spark. [embedded post]
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@carlquintanilla
Carl Quintanilla
on bluesky
WELLS DESK, on this report: — “.. Blue Owl is up to its gills in data center exposure. .. lenders are getting stricter .. data center build outs now have another form of headwind that is not related to actual infrastructure build out but rather financial complexities ..” — ww…
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@ljkawa
Luke Kawa
on bluesky
HOOT let the bears out — (HOOT, HOOT HOOT HOOT HOOT) — www.ft.com/content/84c1...
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@peark.es
George Pearkes
on bluesky
One of the Oracle (ORCL) Stargate data centers in Michigan doesn't have financing after Blue Owl (OWL) pulled out. Increasing signals that capital is starting to turn away from the sector having gorged for the past year.
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@mattzeitlin
Matthew Zeitlin
on x
so oracle is signing long term leases with data center developers and renting out its hoard of nvidia chips to AI companies who make short term committments. they're basically taking on wework-esque duration mismatch between the leases they pay and the leases that pay them [image…
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@carlquintanilla
Carl Quintanilla
on bluesky
“.. Blackstone has held talks to step in as a financial partner, but has not yet signed a deal to invest in Oracle's data centre, the people said.” — @financialtimes.com $ORCL — www.ft.com/content/84c1... [image]