MGX explores multibillion dollar DayOne acquisition deal

MGX DayOne acquisition marks a potential major shift in the global data center landscape as MGX, the Abu Dhabi backed AI investment firm, evaluates a multibillion dollar bid for DayOne, a Singapore based operator specializing in hyperscale infrastructure.

The MGX DayOne acquisition discussions remain at an early stage. Sources indicate that valuation gaps could still derail any agreement. DayOne is simultaneously preparing for a dual initial public offering in Singapore and the United States, with a possible valuation near 20 billion dollars. The company continues to weigh public listing against a possible sale, keeping both strategic paths open.

MGX, founded in Abu Dhabi in 2024, focuses on artificial intelligence investments and aims to manage up to 100 billion dollars in assets. The firm is working with an investment bank as it evaluates the MGX DayOne acquisition strategy. If completed, it would represent its first major expansion into Asia’s data center sector.

DayOne originated as the international arm of GDS Holdings and has attracted backing from major global investors including Coatue Management, Hillhouse Investment, SoftBank Vision Fund, Kenneth Griffin of Citadel Securities, and Baupost Group. The Indonesia Investment Authority also joined a recent funding round.

The company recently closed a Series C financing round totaling 4.5 billion dollars, one of the largest private fundraising events in the data center industry. Coatue and Hillhouse emerged as leading shareholders following the deal.

DayOne operates hyperscale data centers across Asia and Europe. Its infrastructure spans the SIJORI corridor linking Singapore, Johor, and the Riau Islands, along with additional operations in Thailand, Japan, Hong Kong, and Finland.

The MGX DayOne acquisition interest reflects rising global competition for AI driven computing capacity. Data center investment has accelerated sharply as artificial intelligence workloads expand worldwide.

The final outcome remains uncertain. DayOne may proceed with its IPO plans or accept acquisition terms if valuation expectations align. No binding decision has been reached.