(Reuters) -U.S.-based property monitoring firm Apollo Global Management has actually supplied to make a financial investment of as high as $5 billion in Intel, Bloomberg News reported on Sunday.
Apollo has actually shown in current days it would certainly want to make an equity-like financial investment of billions of bucks in Intel, the record stated, mentioning an individual aware of the issue.
The information comes with a minute of bent Intel, which was as soon as one of the most beneficial chipmaker on the planet, however whose shares have actually shed virtually 60% of their worth considering that the begin of the year.
Intel execs have actually been considering Apollo’s proposition, Bloomberg reported, including that talks relating to the bargain remain in an initial phase and have actually not been wrapped up.
Bloomberg stated that the dimension of the prospective financial investment in Intel might alter and conversations relating to an offer might additionally fail.
Apollo and Intel did not right away react to a Reuters’ ask for remark.
Earlier this year, Apollo stated it will certainly obtain a 49% equity rate of interest in a joint endeavor pertaining to Intel’s brand-new production center in Ireland for $11 billion.
The growth for a financial investment in Intel comes not long after Qualcomm has in current days come close to Intel to check out a possible purchase of the struggling chipmaker in what might be a transformational handle the field however encounters lots of difficulties.
Qualcomm CHIEF EXECUTIVE OFFICER Cristiano Amon is directly associated with the arrangements to obtain five-decade-old Intel, which today is an onset, Reuters reported on Friday mentioning a resource that was oriented on the issue.
Previously, Qualcomm has actually additionally checked out getting items of Intel’s chip style service.
(Reporting by Mrinmay Dey in Bengaluru; Editing by Lisa Shumaker)
