Apollo to Offer Multibillion-Dollar Investment in Intel

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Intel Corp. Nyheter

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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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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