Intel turned to law firm Skadden in White House deal for 10% stake
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Intel has engaged law firm Skadden for a deal with the U.S. government, which will acquire a 9.9% equity stake in the company for $8.9 billion. This agreement, announced on August 22, comes at a discount to Intel's recent share price. Skadden has previously represented Intel in significant matters, including an $11 billion deal with Apollo Global Management. While the deal improves relations with President Trump, Intel warns it may pose risks to its business, including potential impacts on international sales and future government grants.
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