KKR to buy $820 million of Samsung SDS convertible bonds, shares jump 20%
Published on April 15, 2026.
KKR has agreed to buy $820 million of Samsung SDS convertible bonds, which saw its shares rise by 20%. The investment is seen as primarily aimed at building out KKR's artificial intelligence portfolio. KKR will also provide an active role in Samsung's management, including mergers and acquisitions, capital allocation, and expansion as a full-stack AI solutions provider. The transaction is expected to close in the second quarter.
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