05:03 AM EDT, 09/23/2024 (MT Newswires) -- (Updates to add recent stock price movement in the last paragraph.)

Apollo Global Management ( APO ) has offered to invest as much as $5 billion in Intel ( INTC ) , Bloomberg News reported Sunday, citing unnamed people familiar with the matter.

The sources said Intel ( INTC ) executives have been considering Apollo's proposal. The size of Apollo's potential investment could change or discussions could fall apart, Bloomberg reported.

Intel ( INTC ) and Apollo did not immediately respond to MT Newswires' request for comment.

Shares of Apollo gained 0.2%, while Intel ( INTC ) added more than 2% pre-bell Monday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 125.00, Change: +0.52, Percent Change: +0.42