Oracle said final negotiations on the equity deal for the Michigan-based data center project are still “progressing as planned,” excluding Blue Owl Capital. The latter has helped companies such as Oracle and Meta finance large-scale data center projects in recent months. In response to the Financial Times report, Oracle stated that Related Digital, the project's development partner, selected the “best equity partner, not Blue Owl,” from a set of competitive alternatives. The report quoted people familiar with the matter as saying that Blue Owl will not support a $10 billion deal for this data center project.

Oracle said final negotiations on the equity deal for the Michigan-based data center project are still “progressing as planned,” excluding Blue Owl Capital. The latter has helped companies such as Oracle and Meta finance large-scale data center projects in recent months. In response to the Financial Times report, Oracle stated that Related Digital, the project's development partner, selected the “best equity partner, not Blue Owl,” from a set of competitive alternatives. The report quoted people familiar with the matter as saying that Blue Owl will not support a $10 billion deal for this data center project.