Alphabet (GOOGL) Stock: Google Parent Pays $4.75 Billion for Energy Developer Intersect

TLDR Alphabet purchases Intersect for $4.75 billion to address AI infrastructure challenges Deal includes gigawatts of clean energy projects and data center developments Intersect will operate independently under founder Sheldon Kimber after acquisition closes Transaction excludes some Texas and California assets serving other clients Alphabet already held minority stake through previous $800 million funding round [...]

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