Yahoo Finance·2025-12-22 19:36Core Insights - Alphabet has announced a definitive agreement to acquire Intersect for $4.75 billion in cash, plus the assumption of debt, enhancing its data center and energy infrastructure capabilities [1] - The acquisition aims to accelerate energy development and innovation, enabling faster online data center and generation capacity [1] - Intersect will continue to operate under its brand, led by Sheldon Kimber, while collaborating closely with Google's technical infrastructure team on joint projects [1] Group 1: Acquisition Details - The acquisition includes Intersect's team and multiple gigawatts of energy and data center projects in development or under construction [1] - Intersect's existing operating assets in Texas and California will not be part of the acquisition and will continue to operate independently [1] - The deal is expected to close in the first half of 2026, subject to customary closing conditions [2] Group 2: Strategic Implications - The acquisition will support Alphabet and Google's commitment to partnering with utilities and energy developers to enhance energy supply for data center infrastructure [2] - Alphabet aims to advance the commercialization of advanced energy technologies, including geothermal and long-duration energy storage [2] - The integration of artificial intelligence is planned to accelerate the grid connection of new power plants and improve energy efficiency in data center communities [2]