Apollo Global Management offered to invest about $5 billion in Intel

After persistent rumors about Qualcomm’s interest in Intel assets, information about others wishing to gain access to them began to come from the pages of the Bloomberg resource. First, the agency stated that Broadcom had shown interest in Intel, and then announced Apollo Global Management’s readiness to invest about $5 billion in Intel.

Image Source: Intel

So far, negotiations between the processor giant and the investment fund are just underway, and it is not a fact that they will be crowned with success. Apollo is not a new investor for Intel, as in June it bought a stake in a joint venture with Intel that operates a production site in Ireland, at which time the investor had to invest $11 billion.

If we return to the rumors about Broadcom’s interest in Intel’s assets, then in this case, an obstacle to a possible deal could be the sad experience of the first company in terms of intentions to acquire Qualcomm in 2018. Then-US President Donald Trump blocked the deal, citing national security concerns. Broadcom was unable to convince him of its loyalty, even after moving its headquarters from Singapore to the USA.