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Will Apollo Global Management invest up to $5 billion in Intel by the end of 2024?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Intel or Apollo Global Management, financial news outlets like Bloomberg, Reuters
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Apollo Proposes Up to $5 Billion Investment in Intel, Bloomberg Reports
Sep 22, 2024, 09:55 PM
Apollo Global Management has proposed a multibillion-dollar investment in Intel, with the offer potentially reaching up to $5 billion, according to Bloomberg reports. This equity-like investment is seen as a vote of confidence in Intel's turnaround strategy. The proposal comes amid Qualcomm's interest in acquiring Intel, which has recently secured a $3.5 billion chips deal from the US Army and announced a partnership with AWS to advance US-based chip manufacturing. Intel is currently considering Apollo's proposal.
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