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APO Jun 2024 85.000 call
- Yahoo Finance Video
Intel stock up as $11B Apollo deal nears completion: WSJ
Shares of Intel (INTC) are moving higher as The Wall Street Journal reports that a deal between Intel and Apollo Global Management (APO) is nearing its conclusion. The deal concerns a $11 billion investment toward constructing a chip factory in Ireland for the chip giant. Yahoo Finance Anchors Seana Smith and Jared Blikre break down the latest developments for these companies and how the deal will likely be finalized. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. Note: Apollo Global Management is a majority owner of Yahoo, Yahoo Finance's parent company. This post was written by Nicholas Jacobino
- Barrons.com
Intel Stock Rises After Report It’s Planning a New Chip Plant
The tech company is in talks with asset-manager Apollo Global Management, which could provide more than $11 billion to help build the facility.
- Reuters
Intel nears $11 billion deal with Apollo for Ireland factory, WSJ reports
Intel and Apollo are in exclusive talks for the deal, which could be signed in the coming weeks, the report said, citing people familiar with the matter. Other investment firms including KKR and infrastructure investor Stonepeak were also in the running before Apollo recently pulled ahead, the report added. Apollo Global Management and Intel declined to comment when contacted by Reuters.
