Intel may receive up to $5 billion from Apollo Global Management, Bloomberg reports. The chipmaker is considering the offer, but no deal has been finalized yet.
Apollo Global Management has offered to make an equity-like investment of as much as $5 billion in Intel, according to people familiar with the matter. Bloomberg's Manuel Baigorri reports.
Apollo Global Management offers to invest as much as $5 billion in Intel, possibly in return for equity in the company, according to a report.
Apollo Global Management, a prominent US asset management firm, is reportedly preparing to invest up to $5 billion in Intel, Bloomberg reported on Monday. The potential investment comes as Intel navigates a period of significant market decline, with its stock price dropping nearly 60% since the start of the year.
Intel (INTC) shares will likely remain in the spotlight on Monday after Bloomberg reported on Sunday that asset manager Apollo Global Management has offered to invest as much as $5 billion in the struggling chipmaker.
News broke late last week of Qualcomm approaching Intel for a potential takeover, sending Intel shares up 3.4% and Qualcomm shares down 3% on Friday. We don't think the deal will lead anywhere for a couple of reasons. Regulatory hurdles, including CHIPS Act funding, and Qualcomm's lack of foundry expertise make the acquisition impractical.
Intel (INTC) stock price will be in the spotlight on Monday as investors reflect on the rumoured offer by Qualcomm and news that Apollo Global will make a $5 billion investment in the company. The stock, which rose by over 3.3% on Friday, will likely continue rising on Monday.
Apollo Global Management Inc. has offered to make an investment in Intel Corp. of as much as $5 billion, Bloomberg News reported Sunday.
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.
Amid reports that Qualcomm (QCOM) approached Intel (INTC) about a possible takeover, Futurum Group chief market strategist Cory Johnson sits down with Josh Lipton and Julie Hyman on Market Domination to take a closer look at what a potential acquisition would mean for the two chip companies. “This would be the biggest deal in the history of the semiconductor industry, ever,” Johnson says, explaining, “Intel was once the largest semiconductor company in the world.
An analyst with Gabelli Funds says a deal for Qualcomm to buy struggling chip rival Intel may not make too much sense.
Chipmaker Qualcomm is trying to buy rival Intel, according to multiple reports.