"Apollo" offers an offer to invest $ 5 billion in "Intel"

According to people familiar with the case, Apollo Global Management offered billions of dollars in “Intel”. It is a step that expresses confidence in the transformation plan implemented by the Chips business. ‘Apollo’, a specialist in alternative asset management, has indicated over the past few days that she wants to make an investment similar to property -according to a value of about $ 5 billion to ‘Intel’, according to one of the people who asked not to reveal their identity during the discussion of secret information, and the people indicated that the drivers of the chips makers are currently offering the ‘Apollo’. No final agreement has been reached yet, and the amount of potential investments or negotiations can change, which, according to people, may not be able to lead to the conclusion of an agreement. This development comes after the “Qualcomm” business, based in San Diego, offered an informal acquisition of “Intel”, according to the statements of people who are familiar with the case they did on Saturday, raising the chances of concluding one of the biggest integration and acquisition agreements. Apollo and Intel representatives refused to comment. A previous agreement between “Intel” and “Apollo”, “Intel”, under the management of the CEO, is Glassingger, to implement a high -cost plan to renew itself, attract new products and technologies and new customers. This initiative led to a successive decline in profits, which led to confidence in it, and reduced the market value of the company by ten billions of dollars. Although “Apollo” is currently known for investment strategies in insurance, acquisitions and credit, the company started its activity in the 1990s as a specialist in investment in upset businesses. Located in New York, Apollo fought another experience in the field of slices, as it led $ 900 million to investments at Western Digital, by buying excellent convertible shares.