:max_bytes(150000):strip_icc()/GettyImages-2164958884-8539525352d04decb3ea0d3e6b615661.jpg?w=1500&resize=1500,1038&ssl=1 "Watch The Intel Deal Rumors Keep Piling Up. This One Didn’t Move the Stock Much Today Stocks News")
Watch The Intel Deal Rumors Keep Piling Up. This One Didn’t Move the Stock Much Today Latest Stocks Market News
Key Takeaways
- Troubled chipmaker Intel has rejected a bid by way of chip dressmaker Arm Holdings for its product department, Bloomberg reported overdue Thursday.
- It used to be the newest of a number of Intel-related rumors. Earlier this week, the information outlet reported that Apollo Global Management had presented to take a position up to $5 billion in Intel, days after The Wall Street Journal stated that Qualcomm had made a “takeover approach” for it.
- Intel stocks have misplaced greater than part their price since the get started of the 12 months amid considerations about the chipmaker’s talent to show round its trade.
Yet some other Intel (INTC) rumor is available in the market—this time, a few deal that looks to not be taking place.
The embattled chipmaker, stocks of which can be down greater than 50% this 12 months, rejected a bid by way of chip dressmaker Arm Holdings (ARM) for its product department, Bloomberg reported overdue Thursday.
Intel’s woes have attracted deal job, in addition to deal chatter. Earlier this week, the information outlet reported that Apollo Global Management had presented to take a position up to $5 billion in Intel,. Days previous,The Wall Street Journal stated that Qualcomm (QCOM) had made a “takeover approach” for the corporate.
Apart from its product department, which sells chips for private computer systems, servers and networking apparatus, Intel’s different major unit is one who operates its factories. Both Arm and Intel declined to remark.
Intel, which is suffering with top debt ranges and looking to stem losses, previous this month up to date traders about its strategic plans, which come with isolating the chip product department from its production operations.
Intel stocks completed Friday—and the week—little modified. Investor considerations that the chipmaker will combat to show round its trade have weight on the inventory this 12 months.
American depositary receipts (ADRs) of Arm fell greater than 2%.
Business News – We replace this Google News from www.investopedia.com. If you need learn complete information, Click on hyperlink www.investopedia.com – 2024-09-28 03:48:00
Search Keyword – #Intel #Deal #Rumors #Piling #Didnt #Move #Stock #Today
