U.S.-based asset management firm Apollo Global Management is reportedly considering a substantial investment of up to $5 billion in Intel, according to a Bloomberg News report on Sunday. This potential equity-like investment comes as Intel grapples with significant challenges, having seen its stock value plummet nearly 60% since the beginning of the year.
Sources familiar with the matter indicate that Intel executives are currently reviewing Apollo’s proposal, although discussions are still in the preliminary stages and no agreement has been reached. The size of the investment may vary, and there’s a possibility that talks could fall through.
Intel declined to comment on the report, while Apollo did not respond to a request for comment from Reuters.
Earlier this year, Apollo announced plans to acquire a 49% equity stake in a joint venture related to Intel’s new manufacturing facility in Ireland for $11 billion. This potential investment in Intel follows recent interest from Qualcomm, which has reportedly approached Intel to discuss a possible acquisition. Qualcomm CEO Cristiano Amon is personally involved in these negotiations, which are also in the early stages and face several challenges.
hii Aditi Sahu this side..
As an author and writer specializing in investment and finance , I am dedicated to delivering insightful articles and news stories that inform and engage the investment community . My focus is on providing timely and relevant content that covers market trends , innovative strategies , and key financial development . My goal is to equip investors with the knowledge and insights needed to make informed decisions and succeed in a dynamic financial environment.
