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Apollo to pay $11 bln for 49% of Intel Ireland factory joint venture

Buyout firm Apollo Global Management will acquire a 49% equity interest in a joint venture related to Intel s new manufacturing facility in Ireland for $11 billion, the companies said on Tuesday. .

Buyout firm to acquire Intel stake for €10 billion

Apollo Global to provide $11 billion to Intel for Ireland facility

Intel invested $18.4 billion in Fab 34 and the Apollo Global transaction allows the U.S. chipmaker to redeploy funds to other parts of its business.

Blood In The Streets Alert: Everybody Suddenly Hates Intel Again

Blood In The Streets Alert: Everybody Suddenly Hates Intel Again

One analyst just called Intel "broken," and yet, I'm starting to wonder whether the market's price-discovery mechanism is broken.