Apollo Eyes Intel Investment
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IntelFortune
•Intel stock jumps on rumors of $5 billion Apollo investment
70% Informative
Apollo Global Management appears poised to offer Intel an equity-like investment of as much as $5 billion .
The move would be a major vote of confidence in the recovery effort led by Intel CEO Pat Gelsinger .
Intel has shed over $100 billion in market cap this year with shares falling over 50% as one of Silicon Valley's original powerhouses struggles.
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