Private equity firm KKR & Co. is reportedly in negotiations to acquire ST Telemedia Global Data Centres, a major data center provider based in Asia. Sources familiar with the matter suggest the deal could value ST Telemedia at over $5 billion. This potential acquisition underscores the continued strong demand for data center infrastructure in the Asian market, driven by increasing cloud adoption and data consumption. If successful, the deal would significantly expand KKR's presence in the digital infrastructure sector.