According to Bloomberg, investment company Apollo Global Management has reportedly made a multi-billion dollar proposal to Intel for an equity or equivalent investment, with a potential investment amount of up to $5 billion. Intel has acknowledged this proposal, but no conclusions have been reached, and the deal could still be rejected or altered after negotiations.
This news adds to the speculation that Intel may be receiving offers from investors in various forms, following previous reports of Qualcomm making a bid for its business.
Both Intel and Apollo Global have declined to comment on these reports.
Source: Bloomberg
TLDR: Apollo Global Management makes a multi-billion dollar proposal to invest in Intel, but no final decisions have been made yet. Intel may be considering offers from multiple investors.
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