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Asset management firm Apollo reportedly eyes US$5-billion investment in Intel

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The 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

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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