Apollo Global Management Plans Big Investment in Intel Amid Falling Shares: Deal Details

24 сен, 10:00

The American investment company Apollo Global Management is considering the possibility of investing about 5 billion dollars in one of the world's largest manufacturers of microchips - Intel. This became known thanks to a report by the Bloomberg agency, which refers to a source familiar with the situation.

This proposal appeared in a difficult period for Intel, when the financial condition of the company suffered significant difficulties. Since the beginning of the year, the value of Intel's shares has fallen by more than 50%, which has led to a deterioration of its market position and caused concern among investors. Against this background, the investment from Apollo can become a key factor that will help the company to stabilize the situation.

Intel management is currently considering a deal with Apollo, but no final decisions have been made yet. Negotiations are ongoing, and the outcome could significantly affect Intel's future development in the global technology market. If approved, Apollo's investment will give Intel the financial boost it needs to regain its footing.

This is not the first time that Apollo has shown interest in Intel. Earlier this year, the company acquired a 49% stake in a joint venture building a new Intel plant in Ireland. The amount of the deal then amounted to 11 billion dollars, which was an important step in the partnership between the two corporations.

Apollo Global Management has extensive experience investing in chip manufacturing, including in 2023 the company participated in a $900 million deal to invest in Western Digital Corp. through the purchase of convertible preferred stock. This shows Apollo's interest in the further development of the technological industry.

Developments around Intel are also developing amid possible talks with Qualcomm Inc., which is considering a takeover of Intel. If the deal goes through, it would be one of the largest mergers and acquisitions in the technology industry.


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