Latham & Watkins Advises Meta in Joint Venture With Funds Managed by Blue Owl Capital to Develop Hyperion Data Center

Meta Platforms, Inc. (Nasdaq: META) has announced a US$27 billion joint venture with funds managed by Blue Owl Capital, Inc. (Blue Owl), to finance the development and conduct the operations of the Hyperion data center campus in Richland Parish, Louisiana. The innovative partnership is designed to support the speed and flexibility required for Meta’s 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 energy regulatory matters by Washington, D.C. partner Natasha Gianvecchio; on engineering, procurement, and construction matters by Houston partner Jonathan Katz; on compliance matters by Washington D.C. partner Erin Brown Jones, and on CFIUS matters by Washington D.C. partner Paul Rosen.