Apollo Global Management proposes a $5bn investment in Intel amid a 60% drop in share value.
Apollo Global Management has proposed a $5 billion investment in Intel, which is struggling with a nearly 60% drop in share value this year. The proposal is still in preliminary stages, and terms may change. This comes alongside Qualcomm's interest in a potential acquisition of Intel, though both discussions face challenges. Representatives from Apollo and Intel have not commented on these developments.
September 22, 2024
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