Funding & Business
KKR Said in Talks to Buy Data-Center Firm STT GDC in $5b Deal
KKR & Co. is in talks to buy ST Telemedia Global Data Centres in a deal that could value the Asian digital infrastructure provider at more than $5 billion, according to people familiar with the matter.
The US investment firm and ST Telemedia Pte could reach a deal in the coming weeks, the people said. KKR is already a backer in the closely held data center company known as STT GDC with a 14.1% stake. At a more than $5 billion valuation, the deal could be among the largest for KKR this year, according to data compiled by Bloomberg.
OPEC+ has agreed in principle to increase production again next month, according to delegates, as the group doubles down on its policy shift to pursue market share instead of defending prices.
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Junk debt is about as safe as investment-grade now, at least according to prices in credit markets.
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