Prime Highlights
- MGX is exploring a potential acquisition of Singapore-based data centre operator DayOne.
- A deal would mark MGX’s first acquisition in Asia and expand its AI infrastructure portfolio.
Key Facts
- DayOne operates data centres across Southeast Asia, Hong Kong, Japan and Finland.
- MGX targets more than $100 billion in AI-related investments, including data centres and semiconductor infrastructure.
Background
Abu Dhabi-backed artificial intelligence investment firm MGX is exploring a potential acquisition of Singapore-based data centre operator DayOne as part of its global expansion strategy in digital infrastructure and AI-related assets.
According to sources familiar with the matter, MGX has been working with an investment bank to evaluate a possible transaction. However, discussions remain at an early stage, and there is no certainty that a deal will be completed. DayOne may still proceed with its planned public listing instead.
DayOne has been preparing for a potential US initial public offering that could value the company at around $20 billion. Sources indicated that the expected valuation may be higher than what MGX is willing to offer, creating uncertainty around a possible acquisition.
The company operates and develops data centres across Southeast Asia, Hong Kong, Japan and Finland. It is affiliated with GDS Holdings and has attracted investments from major global investors, including Coatue Management, SoftBank Vision Fund and Citadel Securities founder Ken Griffin.
A successful deal would mark MGX’s first acquisition in Asia and strengthen its presence in the rapidly growing data centre sector. The firm was established by sovereign wealth fund Mubadala and AI company G42 and has quickly expanded its international investment portfolio.
MGX is targeting more than $100 billion in assets focused on artificial intelligence, including data centres, computing infrastructure and advanced semiconductor technologies. The company has invested in several leading AI firms and infrastructure projects worldwide.
This potential deal is due to growing interest by investors in digital infrastructure as the need for cloud computing, applications of artificial intelligence, and computing power is becoming greater worldwide. Neither company has made any statement regarding these talks.
