Apollo Global Management has offered to make a multibillion-dollar investment in Intel, people familiar with the matter said, providing the chipmaker with a vote of confidence in its turnaround strategy and an alternative to a potential takeover by larger rival Qualcomm.
The alternative asset manager has indicated in recent days that it would be willing to make an equity-like investment in Intel of as much as $US5 billion ($7.3 billion), one of the people said, asking not to be identified discussing confidential information.
