KKR-led group set to buy Singapore data-centre firm valued at over $10 billion, WSJ reports

A KKR-led group is close to acquiring ST Telemedia Global Data Centres. The deal values the company at over 13 billion Singapore dollars. KKR is partnering with Singtel for this acquisition. This transaction is set to be one of Asia's largest data centre deals. Demand for digital infrastructure is surging due to artificial intelligence growth.