(Bloomberg) — Apollo Global Management Inc., KKR & Co. and Stonepeak may inject billions of dollars into a joint venture that will help fund Intel Corp.’s semiconductor fabrication facility in Ireland, according to people with knowledge of the matter.
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The alternative asset managers are considering investing in a joint venture that could raise several billion dollars, including debt, the people said. The chip-making giant, which is working with an adviser, had begun soliciting interest from potential investors, Bloomberg News reported in February.
Terms, including the size and structure of the potential joint venture, have not been finalized and could still change, the people said.
Representatives for Apollo, KKR, Stonepeak and Intel declined to comment.
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