Alphabet to acquire data center and energy infrastructure company Intersect
December 22, 2025 • 1m 1s
? (Anchor)
00:00.670
some
breaking
news
on
alphabet
deirdre
bosa
has
that
story
for
us
heidi
hey
Deirdre Bosa (Anchor)
00:05.510
good
morning
mike
so
alphabet
is
acquiring
intersect
for
four
point
seven
five
billion
dollars
in
cash
and
debt
and
this
is
a
move
aimed
at
locking
down
power
and
data
center
capacity
of
course
as
demand
for
AI
surges
shares
are
up
about
half
a
percent
on
that
new
session
highs
Deirdre Bosa (Anchor)
00:20.910
now
alphabet
already
owned
a
minority
stake
in
the
company
the
deal
brings
google
control
over
multiple
gigawatts
of
energy
and
data
center
projects
already
tied
to
its
infrastructure
build
out
and
guys
this
really
gets
it
a
key
question
in
the
AI
trade
right
now
where
do
the
Deirdre Bosa (Anchor)
00:34.470
hyperscalers
get
energy
to
power
the
next
wave
of
data
centers
we
know
that
they're
increasing
capex
they're
spending
a
ton
of
money
on
this
but
chips
are
no
longer
the
only
constraint
there's
power
there's
permitting
there's
grid
access
so
this
is
really
alphabet
moving
to
Deirdre Bosa (Anchor)
00:50.150
secure
its
own
supply
and
as
i
mentioned
investors
seeing
this
as
a
positive
at
least
initially
shares
are
up
about
half
a
percent
Mike (Anchor)
00:57.750
that's
a
big
statement
there
yeah
thank
you
dee
deirdre
boso
on
alphabet
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