Apollo Global Management Eyes $5 Billion Investment in Intel

Apollo Global Management, an asset management company based in the U.S., has proposed an investment of up to $5 billion in Intel. The potential equity-like investment is currently under consideration by Intel executives. Final decisions have yet to be made, and discussions are ongoing.

U.S.-based asset management company Apollo Global Management has proposed an investment of as much as $5 billion in Intel, according to a Bloomberg News report on Sunday.

In recent days, Apollo has expressed its willingness to make an equity-like investment of billions of dollars in Intel, the report indicated, citing sources familiar with the situation. Intel executives are currently evaluating Apollo's proposal. However, the discussions have yet to reach a conclusion, Bloomberg added.

The potential investment's magnitude might change, and talks could fall apart, the report said. Apollo and Intel did not immediately respond to a Reuters' request for comment.

(With inputs from agencies.)