Potential $5B cash injection from Apollo as Qualcomm sniffs around
Apollo Global Management has reportedly proposed a $5 billion investment in Intel. Rumors are swirling about the chip giant exploring a potential deal with the US-based asset management heavyweight, but nothing is locked in yet.for a potential takeover. The mobile chip giant that once made Intel look like it missed the train is now allegedly interested in taking over, with reports suggesting head honcho and CEO Cristiano Amon is personally involved in the discussions.
With all the potential interest in taking over, or investing capital, who knew Intel was suddenly so desirable? There are certainly some out there who might think there are vultures circling the proverbial weakened silicon rhino, as with all the recent layoffs and with CEO Gelsinger looking to steer the ship to safety, Intel isn't in
As far as the potential investment goes, it's hoping Apollo – or Qualcomm, or anyone, really, will swoop in with a large bag of cash and a winning strategy.Chinese server-maker Inspur claims it's on track for better liquid cooling with 'railway sleeper' designApollo Global Management is a leading global investment firm that specializes in private equity and asset management.
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