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Over the weekend, Apollo Global Management was said to offer $5 billion investment. INTC stock rose 3.3% on Monday, leading DJIA. Qualcomm was said to be interested in buyout last Friday. Analysts say regulatory hurdles too vast for acquisition.   Intel (INTC) stock was the best performer in the Dow Jones Industrial Average (DJIA) on Monday, besting the likes of Visa (V), Walmart (WMT) and Boeing (BA). Shares of the struggling semiconductor closed up 3.3% on the day as Apollo Global Management was in discussions to invest $5 billion. The Dow Jones ended the day up 0.15%, relatively in line with the NASDAQ but behind the S&P 500. Intel stock news The up to $5 billion offer from Apollo, a large alternative asset manager, was being considered by Intel management, according to a Bloomberg story from Sunday. The news comes after a late-breaking story last Friday about Qualcomm’s (QCOM) possible interest in acquiring Intel outright. It would be a massive M&A story. Despite collapsing in value by more than half year to date, Intel still has a $90 billion market cap. Qualcomm is worth a little less than $200 billion.  The combination would instantly produce the largest semi company on earth, but Stifel analyst Ruben Roy was quick to throw cold water on that deal.  “Similar to other proposed mega-deals that were unable to clear high regulatory hurdles, such as Nvidia’s (NVDA) bid to acquire ARM Holdings (ARM), Broadcom’s (AVGO) proposal to acquire Qualcomm and Qualcomm’s attempt to acquire NXP Semiconductors (NXPI), we believe that a Qualcomm/INTC deal would be unlikely to garner regulatory approval,” wrote Roy. Broadcom was also looking into a deal for Intel, but insiders on Saturday said they had decided against proposing any acquisition. Raymond James was also pessimistic about Qualcomm getting approvals: “The speculated QCOM+Intel deal…

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Filed under: News - @ September 24, 2024 4:12 am