Alphabet’s (GOOG) (GOOGL) Google has reached cloud computing deal worth over $10B with Meta Platforms (META), The Information’s Kevin McLaughlin and Kalley Huang report, citing two people familiar with the matter. As part of the deal, the Facebook parent will use Google Cloud’s servers, storage, networking, and other services, the authors note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on META:
- Closing Bell Movers: Intuit, Workday fall after results; Ross Stores higher
- Meta Signs $100M Solar Power Deal Even as Trump Rejects Renewables
- Market Wrap: U.S. Stocks Fall Ahead of Fed Chair Powell’s Jackson Hole Speech
- Former Employee Accuses Meta of Misleading Advertisers
- Walmart reports mixed Q2, Thoma Bravo to acquire Dayforce: Morning Buzz