Qualcomm Inc. has approached Intel Corp. to discuss a potential acquisition of the struggling chipmaker, people with knowledge of the matter said, raising the prospect of one of the biggest-ever M&A deals.

There is a recent precedent for the deal. Earlier this year, Apollo gave Intel $11 billion to acquire a 49% stake in the company’s Fab 34 chip manufacturing facility in Leixlip, Ireland, in a deal that would help fund the ongoing development of the site, officials said at the time.

Apollo Global management's proposed investment signals confidence in Intel's turnaround, as the chipmaker struggles with costly transformation efforts

Chipmaker Qualcomm is trying to buy rival Intel, according to multiple reports. The Wall Street Journal broke the news late Friday that Qualcomm had approached Intel about a takeover. Once the industry leader, Intel has struggled due to a lack of mobile strategy.

Die New Yorker Beteiligungsgesellschaft Apollo Global Management hat dem Vernehmen nach angeboten, mehrere Milliarden Dollar in den Chipriesen Intel zu investieren, der mit Absatzproblemen und schwächelndem Aktienkurs zu kämpfen hat und die Dividende aussetzen musste.

(Reuters) -U.S.-based asset management company Apollo Global Management has offered to make an investment of as much as $5 billion in Intel, 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,

An Apollo investment would be a vote of confidence in the chipmaker’s turnaround strategy.

Apollo Global Management Inc. has offered to make an investment in Intel Corp. of as much as $5 billion, Bloomberg News reported Sunday.