Verizon will acquire Intel Media, a business division dedicated to the development of Cloud TV products and services, for an undisclosed sum.
Verizon close to buying Intel’s TV service
Verizon is near an agreement to purchase Intel’s internet-based pay-TV startup OnCue, according to Bloomberg.
Intel is asking for $500M for TV business
Bloomberg reports Intel has set an asking price of $500M for the assets of its would-be Web TV service, and is hoping to reach a deal by year’s end.