Samsung SDS shares jump 20% on KKR partnership and $820 million bond purchase
Teona Gherasim
Shares of Samsung SDS surged as much as 21.3% on Wednesday after global private equity firm KKR agreed to invest 1.22 trillion won ($820 million) of newly issued convertible bonds from the South Korean IT solutions and logistics provider. The deal comes as technology companies ramp up spending on AI infrastructure and digital transformation, with Samsung SDS positioning itself to capture surging demand for artificial intelligence services. Samsung SDS, part of Samsung Group and affiliate of
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