Meta Talks With Apollo for $35 Billion Data-Center Financing (1)

Apollo Global Management Inc. is in talks to lead a roughly $35 billion financing package for Meta Platforms Inc. to help develop data centers in the US, according to people with knowledge of the matter.

The alternative asset manager has discussed providing a major part of the financing, said the people, who asked not to be identified because the information isn’t public. KKR & Co. is also a part of the investor group, one of the people said.

The funding conversations are at an early stage and there’s no guarantee a deal will be completed.

Representatives for the firms declined ...