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News in English (USA) / 23.09.2024 / 02:00

Apollo to Offer $5 Billion Investment in Intel

Apollo Global Management is reportedly preparing to make a multibillion-dollar investment of up to $5 billion in Intel Corporation (NASDAQ: INTC). This move comes after Intel received a takeover approach from Qualcomm. Multiple sources, including Bloomberg and Reuters, have confirmed the imminent offer. Apollo aims to contribute significant capital to bolster Intel's operations amidst its ongoing strategic challenges.