Apollo Global Management, Inc. (APO-PA)
- Reuters
Apollo, KKR and Stonepeak may fund Intel's Ireland facility, Bloomberg reports
Intel has been grappling with weak demand for its chips used in the traditional data center and PC industry while it lags behind in the AI semiconductor market with its lost technological edge. Intel and KKR declined to comment on the report, when contacted by Reuters.
- Bloomberg
Apollo, KKR, Stonepeak Weigh Investing Billions in Intel Chip JV
(Bloomberg) -- Apollo Global Management Inc., KKR & Co. and Stonepeak may inject billions of dollars into a joint venture that will help fund Intel Corp.’s semiconductor fabrication facility in Ireland, according to people with knowledge of the matter.Most Read from BloombergApple Intensifies Talks With OpenAI for iPhone Generative AI FeaturesPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingWall Street Humbled as Fast-Reversing Markets Confound the ProsThe Long, Slow Death of Urba
- Barrons.com
U.S. Silica Stock Rises 20%, Edges Beyond Apollo’s Takeover Price
Shares of U.S. Silica were rising sharply after the industrial minerals company said it was being acquired by investment firm Apollo Global Management for about $1.85 billion. Under the agreement, Apollo will pay $15.50 a share in cash for U.S. Silica representing an 18.7% premium to the stock’s closing price of $13.06 on Thursday. U.S. Silica stock edged above the takeover price, rising 20% to $15.70.
