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PE Giants In Talks With NFL As Nscale Gets Heat Over IPO

Reported by Law360
Oct 22, 2026· 2 min read
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Key Takeaways
  • • Blackstone and Apollo are reportedly in talks with the NFL about potential investments in NFL teams, according to Law360.
  • • Nscale is working on a potential $45 billion deal to provide Anthropic with compute power, per Law360's reporting.
  • • Nscale faces questions from investors over its lofty IPO valuation, according to the same report.
  • • IntraFi, a private equity-backed financial technology company, could be up for sale at a valuation of more than $10 billion.
Summary
Blackstone and Apollo are in talks with the National Football League about potential investment in NFL teams, according to Law360, which reported the discussions on October 22, 2026. The primary source provides limited detail on the structure, size, or timing of any such investments.

According to the same report, data center developer Nscale is working on a potential $45 billion deal to supply Anthropic with compute power. The transaction would be significant in scale, though the primary source does not specify contract terms or timing.

Nscale is also facing scrutiny over its IPO valuation, which Law360 describes as lofty. The primary source does not detail the valuation figure or the specific questions raised by investors or analysts.

Separately, IntraFi, a private equity-backed financial technology company, could be up for sale at a valuation of more than $10 billion, per the report. The article does not identify potential buyers or the process stage.

The primary source is a paywalled Law360 summary, and full details beyond the headline items are not available in the material provided.

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Sources

1 outlet

AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Law360 PE Giants In Talks With NFL As Nscale Gets Heat Over IPO