Apollo to Offer Multibillion-Dollar Investment in Intel

Stacy Rasgon, managing director and senior analyst at U.S. Semiconductors, Bernstein, joins BNN Bloomberg and talks about Intel stock rises as it weighs options

The alternative asset manager has indicated in recent days it would be willing to make an equity-like investment of as much as $5 billion in Intel, said one of the people, who asked not to be identified discussing confidential information. Intel executives have been weighing Apollo’s proposal, the people said. The size of Apollo’s potential investment could change or discussions could fall apart, they said.

Intel’s shares rose about 2% in premarket trading before New York markets opened on Monday. The stock had closed 3.3% higher at $21.84 on Friday, giving the company a market value of $93.4 billion.

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Asset management firm Apollo reportedly eyes US$5-billion investment in IntelThe news comes at a moment of weakness for Intel, which was once the most valuable chip maker in the world, but whose shares have lost nearly 60% of their value since the start of the year
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