Apollo to Offer Multibillion-Dollar Investment in Intel

    https://www.bloomberg.com/news/articles/2024-09-22/apollo-is-said-to-offer-multibillion-dollar-investment-in-intel

    Posted by plebbit0rz

    35 Comments

    1. Omg, Nana is going to be so proud. We eating good on Monday!

      Speaking of Nana, did her grandson sell his shares or still holding?

    2. They aren’t going to make big investments if they don’t think they’ll make bank on it. Apollo already has privileged info based on their previous investment. I’m thinking the Intel turnaround story might be looking more and more likely.

    3. Damn, Apollo also financed CVNA at the lows when it seemed like bankruptcy.

      They made bank for sure. CVNA was like $5 and now over $160 lol.

    4. Theyre gonna load it with debt, burn it to the ground while taking leveraged calls on all its competitiors

    5. “Equity-like investment” of “as much as $5 billion”.  Is that really encouraging?  

    6. Simple_Caterpillar59 on

      Nana passed away 8 years ago, and I’m pretty sure she would disapprove. She bought Intel at $41.50 in 1999 and held onto it for 25 years, only to see its value decline.

    7. Apollo already invested $11 billion in fab 34. They need to secure the continuity of the investment with direct control.

    8. Tricky_Statistician on

      Well that’s super fucking annoying. I rode weekly calls from 19 to 21, made about 5k, but hadn’t bought leaps or another set of calls yet. Hopefully it opens flat – looks like it already hit bottom and is headed up from here.

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