The Zhitong Finance App learned that Apollo Global Management (APO.US) has agreed to acquire a majority stake in Stream Data Centers. This is the first time that this alternative asset management company has carried out such an acquisition. The move aims to take advantage of the surge in digital infrastructure demand to achieve development. The asset manager said in a statement on Wednesday that the agreement will make it possible for Apollo-managed funds to invest billions of dollars in digital infrastructure construction. Stream Data Centers' management team will retain a small share in the deal, which is expected to close this year.

The Zhitong Finance App learned that Apollo Global Management (APO.US) has agreed to acquire a majority stake in Stream Data Centers. This is the first time that this alternative asset management company has carried out such an acquisition. The move aims to take advantage of the surge in digital infrastructure demand to achieve development. The asset manager said in a statement on Wednesday that the agreement will make it possible for Apollo-managed funds to invest billions of dollars in digital infrastructure construction. Stream Data Centers' management team will retain a small share in the deal, which is expected to close this year.