Techcrunch Alphabet Acquires Intersect Power for $4.75 Billion
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Alphabet, Google's parent company, has agreed to acquire Intersect Power, a clean energy and data center developer, for $4.75 billion in cash along with the assumption of its debt. This acquisition aims to enhance Alphabet's power-generation capacity and reduce reliance on local utilities, which are struggling to meet the energy demands of AI companies.
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