Intel: Trouble draws private investors like vultures to a wounded giant

Apollo Global Management has reportedly proposed a $5 billion investment in Intel. Rumors are swirling about the chip giant exploring a potential deal with the US-based asset management heavyweight, but nothing is locked in yet. This news arrives hot on the heels of Friday's big revelation about Qualcomm sniffing around Intel …

[may_i]

Wow

The sharks have smelled blood and are circling.

Could Intel's days be over? I expressed the opinion here, not long after Pat had presented his plans to save Intel, that they were insufficient and too late. Maybe my fortune telling will amount to more than just that.

[EvaQ]

5 versus 95 billion?

Intel market cap is about 95 billion.

So what would Apollo get for 5 billion USD? A seat on the board?

[DS999]

Re: 5 versus 95 billion?

I assume the $5 billion would be seen as equity for Intel's foundry business that is going to be split off into a subsidiary. That is likely what Apollo is interested in, not Intel's x86 CPU business.

[IGotOut]

Qualcomm

I'd be very surprised if they even had a remote chance of a buyout getting through, considering the amount of antitrust suits they have already lost.

[Peter D]

Something up Intel's sleeve

I have long hoped that Intel much have something up its sleeve to save the day but, alas, like its shareholders who have lost their shirts Intel has too.