Business
KKR-Led Group Set to Buy Singapore Data-Center Firm Valued at Over $10 Billion
A KKR KKR 0.39%increase; green up pointing triangle-led consortium is nearing a deal to buy a Singapore-based global data center provider that would value the company at more than S$13 billion, or over US$10 billion, people familiar with the matter said.
The global investment firm will acquire ST Telemedia Global Data Centres from its parent company, the people said. KKR is making the acquisition together with Singaporean telecommunications giant Singtel.
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