Alphabet to Buy Intersect for $4.75 Billion in Cash

By Katherine Hamilton

Alphabet agreed to acquire data-center-solutions company Intersect for $4.75 billion in cash, plus debt.

Google-parent Alphabet said Monday it would buy Intersect's data-center projects that are in development, plus multiple gigawatts of energy and the Intersect team as part of the deal.

Google already owned a minority stake in Intersect after announcing a funding round with the company in 2024.

The San Francisco company will also explore a range of technologies to increase and diversify energy supply, while supporting Google's U.S. data-center investments to meet Google Cloud customer demand, Alphabet said.

Intersect's operations would remain separate from Alphabet and Google under its own brand and would be led by Sheldon Kimber.

Google's infrastructure team will collaborate closely with Intersect and continue work on the companies' co-located data-center and power site, which is under construction in Haskell County, Texas.

Intersect's operating assets in Texas and California won't be part of the acquisition. Those assets continue to operate as an independent company.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

Corrections & Amplifications

This article was corrected at 1:57 p.m. ET because it incorrectly said Intersect was based in Beaverton, Ore. Intersect is based in San Francisco.

(END) Dow Jones Newswires

December 22, 2025 11:46 ET (16:46 GMT)