Intel has been offered a serious cash injection from Apollo Global Management Inc., reports Bloomberg. According to the business-focused publication, and its people familiar with the matter, Intel could receive a multibillion-dollar equity-like investment from Apollo. Talks are still in the preliminary stage, it is claimed, but could signal that a significant vote of confidence in – and fuel for – Intel’s successful turnaround might be on the way.
At stake here is an investment of up to $5 billion, indicates Bloomberg sources. However, the people who revealed that these negotiations were ongoing, and provided some background details, have asked to remain anonymous. Moreover, Bloomberg’s sources indicate that the size and / or nature of Apollo’s investment could change or the whole deal fall apart. Thus an ounce of skepticism regarding whether we will see this deal close, or not, is due.
