Intel to repurchase 49% stake in Ireland fab from Apollo for $14.2 bln.

Intel will repurchase a 49% stake in its Ireland fab from Apollo Global Management for $14.2 billion. The transaction will be funded through cash on hand and new debt issuance, and is expected to be accretive to earnings per share and strengthen Intel's credit profile from 2027. Intel's stock is up 2.21% in pre-market trading, while Apollo's stock is up 0.86%.