Verizon Buys Intel Media OnCue Cloud TV assets
January 21, 2014 10:26 AM
Deal is subject to customary closing terms
Intel has announced that it has finally found a buyer for its Intel Media assets. Intel Media is the arm of the chipmaker that ran the OnCue Cloud TV platform. The terms of the deal are unannounced, but sources
previously tipped that Intel was seeking $500 million
for the assets.
Verizon says that the transaction will help it accelerate the rollout of next-generation video services integrated with Verizon FiOS fiber optic networks. The purchase nets Verizon intellectual property and other assets that go along with the OnCue TV platform.
Verizon also announced that it would make employment offers to the 350 workers that staff the Intel Media unit. That unit will continue to be based in Santa Clara and will be led by the current management team.
Verizon and Intel note that the deal is subject to regulatory approval.
Lowell McAdam, chairman and CEO of Verizon, said, "The OnCue platform and team will help Verizon bring next-generation video services to audiences who increasingly expect to view content when, where and how they want it."
This article is over a month old, voting and posting comments is disabled
"We are going to continue to work with them to make sure they understand the reality of the Internet. A lot of these people don't have Ph.Ds, and they don't have a degree in computer science." -- RIM co-CEO Michael Lazaridis
Quick Note: Intel Wants to Sell OnCue Internet TV Service for $500M
November 26, 2013, 12:40 PM
Google's Gleaming Glass HQ Gets Mountain View Snub, LinkedIn Gets the Love
May 7, 2015, 6:58 AM
Tech's Tax Day Fortunate Few: Qualcomm, Xerox, GE, et al. Pay Little or No Taxes
April 15, 2015, 11:30 AM
LinkNYC Terminals to Blanket New York City With Free WiFi, Free Calls, and Ads
November 17, 2014, 6:50 PM
Microsoft is Open-Sourcing Most of .NET, Adding OS X and Linux Support
November 12, 2014, 8:27 PM
Home Depot Lost 53 Million Emails, Blames Windows, Buys Execs New Macs
November 9, 2014, 5:00 PM
Former NSA Lawyer: If Google, Apple Encrypt User Data, They’ll Wither on the Vine Like Blackberry
November 6, 2014, 12:15 PM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information