AIP and Brookfield are both bidding for Stack Infrastructure's Asia operations and the $30 billion price tag explains exactly what AI has done to data center valuations

Blue Owl Capital is exploring a $30 billion-plus sale of Stack Infrastructure's Asia-Pacific data center operations, with AIP, the BlackRock and Microsoft-backed consortium, and Brookfield Asset Management both in the bidding. The deal signals that institutional capital is now treating scarce hyperscale capacity in constrained Asian markets as a defensive infrastructure asset, not a growth bet.