Reported 15 days ago
Intel's stock jumped over 3% following a Bloomberg report that Apollo Global Management is considering a multibillion-dollar investment of up to $5 billion in the chipmaker. This comes amid ongoing discussions of a potential takeover by Qualcomm, which has seen its own shares dip. Analysts suggest that while Apollo's interest is positive for Intel, regulatory challenges could hinder any future Qualcomm acquisition.
Source: YAHOO