Oracle Says Equity Deal on Michigan Data Center ‘On Schedule’
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000A rendering of a data center campus in Saline Township, Michigan.Oracle Corp. said final negotiations on an equity deal for the company’s data center project in Michigan is “on schedule” and going according to plan. Oracle’s development partner on the project, Related Digital, chose “the best equity partner from a competitive group of options,” the company said in a statement, adding that the partner will not be Blue Owl Capital. The tech firm was responding to a Financial Times reportBloomberg Terminal that cited people familiar with the situation saying Blue Owl will not be backing a $10 billion deal for the project.