Intel Stock Rises as Suitors Circle

Intel Corp (NASDAQ:INTC) is back in the spotlight for another week. The U.S.-based chipmaker is up 2.3% to trade at $21.84, after Bloomberg reported the company was an investment target of Apollo Global Management (NYSE:APO), with the asset management giant making an offer of $5 billion. Another suitor is lurking though; over the weekend, the Wall Street Journal reported sector peer Qualcomm Inc (NASDAQ:QCOM) had approached Intel about a possible takeover. APO and QCOM are up 0.6% and 0.1% this morning, res ...