Apollo eyes $5 billion investment in Intel, Bloomberg News reports

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:U.S.-based asset management company Apollo Global Management has offered to make an investment of as much as $5 billion in Intel, Bloomberg News reported on Sunday.

Apollo 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 familiar with the matter.

Intel executives have been weighing Apollo’s proposal, Bloomberg reported, adding that talks regarding the deal are in a preliminary stage and have not been finalized. Intel declined to comment on the Bloomberg News report, while Apollo did not respond to a Reuters' request for comment.

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