Microsoft to Offload 50.7M PhonePe Shares and Ink $19.4B Nebius AI Deal
Microsoft will sell 50.7 million PhonePe shares, reducing its 71.77% stake by about 12% as the fintech pauses its $1.5 billion IPO due to market instability. The company also signed a $19.4 billion multi-year capacity agreement with Nebius Group to expand AI-optimized data centers.
1. Microsoft Plans PhonePe Stake Sale
Microsoft, which holds 71.77% of digital payments firm PhonePe, intends to reduce its stake by around 12% by selling 50.7 million existing shares. PhonePe has paused its planned $1.5 billion IPO—valued at $9 billion to $10.5 billion—citing geopolitical tensions that have dampened investor sentiment and weakened primary market activity.
2. $19.4B Nebius Data Center Capacity Agreement with Microsoft
Nebius Group secured a $19.4 billion multi-year capacity agreement with Microsoft to design, build, and operate AI-optimized data centers for training and inference workloads. This deal builds on Nebius’s existing tens of billions in agreements with major AI hyperscalers and underscores Microsoft’s push to scale its cloud infrastructure for advanced AI services.