SK to Sell 49% Stake in Ulsan AI Data Center to Institutions Including KKR
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Beating AI News Flash: SK Group plans to sell a 49% stake in its artificial intelligence data center in Ulsan, South Korea, to multiple private equity firms. SK Telecom and SK Broadband are set to approve the deal at their August 27 board meetings. KKR will acquire a 29% stake, while a consortium of IMM Investment and Stonepeak Partners will take the remaining 20% stake. The transaction is valued at approximately 3 trillion won, including a capital increase of around 1.2 trillion won.
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