(Reuters) – U.S.-based asset administration firm Apollo World Administration (NYSE:) has provided to make an funding of as a lot as $5 billion in Intel (NASDAQ:), Bloomberg Information reported on Sunday.
Apollo has indicated in current days it will be keen to make an equity-like funding of billions of {dollars} in Intel, the report mentioned citing an individual accustomed to the matter.
Intel executives have been weighing Apollo’s proposal, Bloomberg reported, including that talks relating to the deal haven’t been finalized.
The dimensions of the potential funding may change and discussions may fall via, the report mentioned.
Apollo and Intel didn’t instantly reply to a Reuters’ request for remark.