Blue Owl’s Stack Infrastructure Weighs $30 Billion Sale of Asia Operations, Sources Say
Data center operator Stack Infrastructure, backed by Blue Owl Capital, is reportedly mulling a sale of its Asia operations that could be valued at more than $30 billion, Bloomberg News reported Tuesday, citing sources familiar with the matter.
The Denver-based company, which provides digital infrastructure solutions to enterprises, operates a network of data centers across key Asia-Pacific markets including Tokyo, Sydney, and Kuala Lumpur, according to its website. The potential transaction could involve a partial or full sale of its assets in Australia, Japan, and Malaysia, the report said.
Stack has been in early discussions with prospective advisers, though the process remains preliminary and no final decisions have been made. Other infrastructure-focused funds and industry players have expressed interest, but the company has not yet committed to a deal, according to the sources.
Neither Stack nor Blue Owl responded to requests for comment outside of regular business hours. Reuters could not independently verify the report.
The potential sale comes amid a global surge in demand for data center capacity, driven by cloud computing, artificial intelligence, and digital transformation. Asia-Pacific has emerged as a hotbed for data center investment, with countries like Japan, Australia, and Malaysia attracting billions in capital from institutional investors and tech giants alike.
“This is a massive bet on the region’s digital future,” said Michael Tan, a Singapore-based infrastructure analyst. “If the deal goes through, it could reshape the competitive landscape and trigger a wave of consolidation.”
“Honestly, $30 billion feels like a lowball,” said Priya Sharma, a tech investor in Mumbai. “These assets are gold mines right now. If Blue Owl sells now, they’re leaving money on the table.”
Industry observers note that the sale would allow Blue Owl to unlock significant value from its investment in Stack, which has grown rapidly since its founding. The firm’s Asia operations have been a key growth driver, benefiting from the region’s expanding digital economy and government push for data localization.
“Data centers are the new oil,” said James Lee, a former data center executive now consulting in Hong Kong. “Whoever controls the pipes controls the flow. This sale could be a game-changer for regional connectivity.”
As the digital infrastructure race heats up, all eyes will be on Stack’s next move. Whether the sale materializes or not, the mere possibility underscores the strategic importance of Asia-Pacific in the global data economy.