MGX in Talks to Acquire APAC Data Center Operator DayOne Ahead of Planned $20 Billion IPO
June 22, 2026
MGX in Talks to Acquire APAC Data Center Operator DayOne Ahead of Planned $20 Billion IPO
Abu Dhabi-based investment firm MGX is reportedly in discussions to acquire DayOne, a Singaporean data center operator focused on the Asia-Pacific region, according to sources familiar with the matter. The potential deal comes as DayOne was preparing for a $20 billion initial public offering (IPO), signaling a major shift in the company's near-term strategic direction.
Citing three unnamed sources, Reuters reported that MGX has engaged an investment bank to prepare for a possible transaction. However, the sources cautioned that the acquisition is not yet finalized, and DayOne’s IPO could still proceed if the deal falls through. The move underscores MGX’s aggressive push into digital infrastructure, particularly in high-growth Asian markets.
DayOne, which was spun out of Chinese data center giant GDS in 2025, currently operates a portfolio of more than 500 megawatts (MW) of data center capacity that is either in service or under construction. The company holds an additional 500 MW of capacity earmarked for future development across key markets including Hong Kong, Singapore, Malaysia, Indonesia, Japan, Thailand, and Finland. In January, DayOne repurchased $385 million worth of its shares from GDS, though the Chinese firm remains a significant minority shareholder.
MGX, owned by Abu Dhabi’s sovereign wealth fund Mubadala Investment Company, has primarily focused on artificial intelligence investments. The firm is a partner in OpenAI’s Stargate project and is also pursuing an investment in AI company Anthropic. Late last year, MGX joined BlackRock and other investors to acquire Aligned Data Centers for $40 billion, marking the largest-ever acquisition in the digital infrastructure sector.
The potential acquisition of DayOne would further solidify MGX’s footprint in the Asia-Pacific region, where demand for data center capacity is surging due to the rapid expansion of cloud computing and AI workloads. Industry analysts note that the deal, if completed, would represent one of the largest digital infrastructure transactions in the region and could reshape competitive dynamics among hyperscale data center operators in APAC.
Source: datacenterdynamics
