Apollo Global Management has offered to invest $5 billion in Intel to stabilize the business
The investment company Apollo Global Management has offered to invest $5 billion in Intel to help the company get out of financial difficulties and resist Qualcomm's takeover offer.
The investment company Apollo Global Management has offered to invest $5 billion in Intel to support the company in financial difficulties. The proposal stands as an alternative to last week's proposed takeover of Intel by rival Qualcomm. Despite the financial problems, Intel still has a chance to recover. The company recently signed a multibillion-dollar deal with Amazon Web Services, which helped to stabilize its position somewhat. Investments from Apollo Global Management can help Intel upgrade its technology and attract new customers without the need for a takeover by Qualcomm.
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