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Alphabet to launch Sidewalk Infrastructure Partners: Wall Street Journal

Alphabet Inc is teaming up with its subsidiary, Sidewalk Labs LLC, and the Ontario Teachers’ Pension Plan to launch an infrastructure holding company that is being spun out of Sidewalk, the Wall Street Journal reported. Sidewalk Infrastructure Partners will seek to invest in projects that require more than $100 million equity, targeting sectors including advanced mobility, energy, water and waste, digital infrastructure, and social infrastructure, the story said.