Alphabet Inc. (GOOGL) Acquires Intersection of $4.75 Billion, Here’s What You Need to Know

Group 1 - Alphabet Inc. announced the acquisition of Intersect for $4.75 billion in cash, enhancing its capabilities in data center and energy infrastructure solutions [1] - The acquisition will enable faster generation capacity for data centers and includes the team from Intersect along with multiple gigawatts of energy and data center projects in development [2] - Intersect will operate separately under its own brand and will be led by Sheldon Kimber, while existing assets in Texas and California are not included in the deal [2] Group 2 - Wall Street analysts are optimistic about Alphabet Inc., with Ronald Josey from Citi reiterating a Buy rating and raising the price target from $343 to $350 [3] - Scott Devitt from Wedbush also reiterated a Buy rating and increased the price target from $320 to $350 [3] - Alphabet Inc. operates major segments including Google Services, Google Cloud, and Other Bets [3]