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Investing.com -- Meta is seeking to raise $29 billion from private capital firms to fund its artificial intelligence expansion efforts, focusing on building data centers across the United States.
The Facebook (NASDAQ:META) and Instagram parent company has advanced discussions with several major private credit investors including Apollo Global Management (NYSE:APO), KKR, Brookfield, Carlyle, and Pimco, according to a report in the Financial Times, citing people familiar with the matter.
The funding structure would include $3 billion in equity and $26 billion in debt. Meta is still considering various options for structuring this massive debt raising, which would rank among the largest private fundraisings of its kind. One source indicated the company might seek to raise even more capital.
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