Private equity and alternative asset management firm
Appears in 1 story
Exiting Fab 34 investment with substantial return
Intel just paid $14.2 billion to buy back a 49% stake in its Irish chip factory that it sold to Apollo Global Management for $11 billion less than two years ago. The buyback, funded with cash and $6.5 billion in new debt, signals that the company's financial position has stabilized enough to reclaim full control of a facility it was forced to partially sell during a cash crunch. Intel shares jumped 10% on the news.
Updated 3 hours ago
No stories match your search
Try a different keyword
How would you like to describe your experience with the app today?
