Apollo to offer multibillion-dollar investment in Intel, Bloomberg News reports

(Reuters) – U.S.-based asset management company Apollo Global Management (NYSE:) has offered to make an investment of as much as $5 billion in Intel (NASDAQ:), Bloomberg News reported on Sunday.

Apollo has indicated in recent days it would be willing to make an equity-like investment of billions of dollars in Intel, the report said citing a person familiar with the matter.

Intel executives have been weighing Apollo’s proposal, Bloomberg reported, adding that talks regarding the deal have not been finalized.

The size of the potential investment could change and discussions could fall through, the report said.

Apollo and Intel did not immediately respond to a Reuters’ request for comment.