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Bloomberg Tech

Apollo's Multibillion Intel Offer, Alex Karp and Wall Street

Bloomberg Tech

Bloomberg

Tech News, Business News, Business, News

4.549 Ratings

🗓️ 23 September 2024

⏱️ 45 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde and Ed Ludlow break down Apollo's multibillion-dollar investment offer in Intel after Qualcomm's own takeover approach. Plus: more US curbs might mean more trouble for China EVs, and Bloomberg Businessweek has a deep dive into the CEO of Palantir and his love-hate relationship with Wall Street as the company enters the S&P500.

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Transcript

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0:00.0

Behind the Bright Lights and Adrenaline of Pro Sports is an equally exciting world of

0:05.5

negotiations and deal-making.

0:07.8

That's what we cover each week on our podcast, The Deal.

0:11.0

I'm Alex Rodriguez, former baseball player turned business executive.

0:14.7

And I'm Jason Kelly, chief correspondent at Bloomberg Originals.

0:17.8

Every Thursday we talk to all-stars like Serena Williams and Derek Jeter, as well as the brains behind brands like the Harlem Globetrotters and

0:24.6

Nasdaq.

0:25.6

Listen to the deal wherever you get your podcasts.

0:28.2

From the heart of where innovation, money and power collide in Silicon Valley and beyond,

0:37.0

this is Bloomberg Technology with Caroline Hyde and Edla Loa. Lo. Live from New York and San Francisco. This is Bloomberg Technology.

0:58.0

Coming up, Apollo offers a multi-billion dollar investment in Intel.

1:02.0

After Qualcomm's takeover approach, we discuss the reports.

1:06.0

More U.S. curbs and more potential trouble for China EVs.

1:10.0

And a deep dive into the CEO Palantir and his love hate relationship with Wall Street as he enters the S&P 500.

1:16.0

But first we go straight to the key chip in M&A story aired.

1:20.0

Apollo has offered to make a multi-billion dollar investment in Intel according to sources

1:26.7

with the asset manager indicating it would be willing to make an equity-like investment

1:31.2

of as much as five billion dollars according to one of the

1:34.3

sources Bloomberg spoke to that follows shock news on Friday that intel have been

1:39.1

approached by quelcom in recent days about a quote friendly takeover this following Intel

1:44.9

announcing its own strategic rethink just one week ago. Bloomberg's Ian

1:49.0

King joins us here in San Francisco. Let's start with the latest, which is Apollo considering an equity-like investment.

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