KKR (KKR) is in advanced discussions to acquire the remaining shares of ST Telemedia Global Data Centres, or STT GDC, in a deal that could value the company at more than $5 billion, Bloomberg reported Saturday, citing unnamed sources.

KKR, who currently owns a 14.1% stake in the Asian digital infrastructure provider, could reach an agreement with parent company ST Telemedia Pte in the coming weeks, however, the talks could still face delays or collapse, the report said.

Both KKR and STT GDC declined to comment, according to Bloomberg.

KKR did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)