Intel Has A New Knight In Shining Armor? After Qualcomm, Apollo Global Management Reportedly Proposes Multibillion-Dollar Investment

$Apollo Global Management (APO.US)$ is reportedly considering a multibillion-dollar investment in $Intel (INTC.US)$ , possibly as high as $5 billion. Intel is evaluating the proposal, though the deal's size or its completion is not guaranteed.

This follows news of a possible $Qualcomm (QCOM.US)$ acquisition of Intel, which would mark one of the largest M&A deals ever. Intel, which recently sold a stake in an Irish plant to Apollo, has been struggling, with Q2 earnings down 84% from last year. Leadership challenges have also emerged, as a board member resigned after clashing with Intel’s CEO.