Apollo to Offer Multibillion-Dollar Investment in Intel

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Intel Corp. News

Bloomberg,Apollo Global Management,Vote Of Confidence

(Bloomberg) -- Apollo Global Management Inc. has offered to make a multibillion-dollar investment in Intel Corp., according to people familiar with the...

-- Apollo Global Management Inc. has offered to make a multibillion-dollar investment in Intel Corp., according to people familiar with the matter, in a move that would be a vote of confidence in the chipmaker’s turnaround strategy.

The development comes as California-based Qualcomm Inc. floats a friendly takeover of Intel, people with knowledge of the matter said on Saturday, raising the prospect of one of the biggest-ever M&A deals.Under Chief Executive Officer Pat Gelsinger, Intel has been working on an expensive plan to remake itself and bring in new products, technology and outside customers.

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CLEVELAND – Brian Daboll and the New York Giants are off the mat. Daniel Jones, Malik Nabers, Brian Burns and Dexter Lawrence, four of the franchise’s biggest investments and most important players, rose to the occasion in their first win of the season on Sunday, 21-15, over the Cleveland Browns at Huntington Bank Field. Nabers caught two touchdown passes and stole away an interception in a ...

 

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Apollo to offer multibillion-dollar investment in Intel, Bloomberg News reportsApollo has indicated in recent days it would be willing to make an equity-like investment of billions of dollars in Intel, the report said citing a person...
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