Sept 22 (Askume) – U.S. asset manager Apollo Global Management (APO.N) has acquired Intel(INTC.O) has offered to invest up to $5 billion.
The report quoted people familiar with the matter as saying that Apollo recently expressed a desire to make billions of dollars in equity investments in Intel.
The news comes amid a period of weakness for Intel.
Bloomberg reports that Intel executives are considering Apollo’s offer, saying talks about the deal are in the early stages and have not yet been finalized.
Bloomberg said the size of the potential investment in Intel could change and deal discussions could fall apart.
Intel declined to comment on the Bloomberg News report, while Apollo did not respond to a Askume request for comment.
Earlier this year, Apollo said it would acquire a 49% stake in a joint venture related to Intel’s new manufacturing plant in Ireland for $11 billion .
The investment in Intel comes after Qualcomm (QCOM.O) recently approached Intel about the possibility of acquiring the troubled chip maker . It could be a transformational deal for the sector, but there are several hurdles to it.
Qualcomm CEO Cristiano Amon is personally involved in ongoing talks to acquire five-year-old Intel Corp that are still in the early stages, Askume reported on Friday, citing a person familiar with the matter.
First up, QualcommIt has also considered acquiring part of Intel’s chip design business.
