Latham & Watkins Advises Meta in Joint Venture With Blue Owl Capital To Develop Hyperion Data Center Campus

Meta Platforms, Inc. (Nasdaq: META) has announced a US$27 billion joint venture with Blue Owl Capital, Inc. (Blue Owl), specifically designed for the purpose of developing, owning and operating the Hyperion data center campus in Louisiana. The partnership is designed to support the speed and flexibility required for Meta's large-scale data center projects and long-term AI ambitions.

Latham & Watkins LLP represented Meta in the transaction with a corporate and real estate team led by San Diego partner Ann Buckingham, Orange County partner Hilary Strong, Los Angeles partner Meghan Cocci, Bay Area partners Greg Roussel and Saad Khanani, with associates Isabella Sage-Lipshutz, Daniel Eyal, Rebecca Dixon, and Adrianna Robakowski. Advice was also provided on tax matters by Los Angeles partner Ana O'Brien with associate Arash Lotfi; on finance matters by Los Angeles partner Jason Bosworth with counsel Emily Leong Yu; on antitrust matters by Bay Area partner Kelly Fayne, Washington, D.C. partner Patrick English, and Brussels/London partner David Little, with associate Nayantara Ravichandran; on compliance matters by Washington D.C. partner Erin Brown Jones, and on CFIUS matters by Washington D.C. partner Paul Rosen.