Apollo Global Management considers a $5B investment in Intel amid 60% share drop this year.

Apollo Global Management is reportedly considering a $5 billion investment in Intel, which has seen its shares drop nearly 60% this year. Intel's executives are evaluating the preliminary proposal, though terms may change. This follows Qualcomm's interest in acquiring Intel, which could be a major industry deal but faces obstacles. Apollo and Intel have a history of collaboration, including a previous $11 billion stake in a joint venture.

September 22, 2024
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