Meta Platforms $META announced today that it formed a joint venture with Blue Owl Capital in a deal worth $27 billion to fund and develop Meta's Hyperion data center in rural Louisiana As part of the deal, the asset management firm will own 80% of the joint venture, while Meta will retain a 20% stake and oversee the construction and property management services of the data center Blue Owl contributed about $7 billion in cash as part of the joint venture, while Meta received a one-time payout of $3 billion (Source CNBC)