Subsidiary QTS said to abandon large data center development in Virginia
** Note: Blackstone took data center operator QTS Realty Trust private in 2021 in an all-cash transaction valued at $10 billion. Under Blackstone, QTS has expanded its development pipeline from $1 billion to $25 billion, growing into a massive $60 billion platform to capitalize on global AI infrastructure demand. - - - Company info
This is a real-time flash headline. A verified provider body is not available, so SquawkNews does not present it as a full article.