Monday, 22 June, 2026
Gulf Capital Eyes Asian Tech: Abu Dhabi’s MGX Explores Multi-Billion Buyout of DayOne
By TechShots Studio
Abu Dhabi-backed AI fund MGX is exploring a multi-billion-dollar acquisition of Singapore-based data center operator DayOne. The deal would mark MGX's first major acquisition in Asia as part of its strategy to build a $100 billion portfolio in physical AI infrastructure. However, negotiations face hurdles, as DayOne's target $20 billion U.S. IPO valuation may prove too steep for the Emirati investor.