Meta Platforms Announces $27 Billion Joint Venture for Hyperion Data Center Development in Louisiana

"Meta Platforms, Inc. has entered into a $27 billion joint venture with Blue Owl Capital to develop and operate the Hyperion data center campus in Louisiana. This partnership aims to enhance the efficiency and adaptability of Meta's data center projects and support its long-term AI goals. Latham & Watkins LLP provided legal representation for Meta in this transaction, involving a diverse team of partners and associates across various legal specialties."

Latham & Watkins LLP represented Meta Platforms, Inc. in a US$27 billion joint venture transaction with funds managed by Blue Owl Capital, Inc. to finance the development and operations of the Hyperion data center campus in Richland Parish, Louisiana. The innovative partnership aims to enhance the speed and flexibility necessary for Meta's data center projects and its long-term ambitions in artificial intelligence. The legal team from Latham & Watkins included San Diego partner Ann Buckingham, Orange County partner Hilary Strong, Los Angeles partner Meghan Cocci, Bay Area partners Greg Roussel and Saad Khanani, along with associates Isabella Sage-Lipshutz, Daniel Eyal, Rebecca Dixon, and Adrianna Robakowski. Additional advice was provided by Los Angeles partner Ana O'Brien (tax matters) with associate Arash Lotfi; Los Angeles partner Jason Bosworth (finance matters) with counsel Emily Leong Yu; Bay Area partner Kelly Fayne, Washington, D.C. partner Patrick English, and Brussels/London partner David Little (antitrust matters) with associate Nayantara Ravichandran; Washington, D.C. partner Natasha Gianvecchio (energy regulatory matters); Houston partner Jonathan Katz (engineering, procurement, and construction matters); Washington, D.C. partner Erin Brown Jones (compliance matters); and Washington, D.C. partner Paul Rosen (CFIUS matters).

Meta Platforms Announces $27 Billion Joint Venture for Hyperion Data Center Development in Louisiana

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