Bloomberg: Intel asking for $500M for TV business, Verizon thinking big

Bloomberg reports Intel (INTC) 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.

Though lacking any revenue, the business does have some potentially valuable IP and software assets stemming from startup acquisitions, as well as Intel's efforts to create a unique set-top UI and cloud DVR for its service.

Verizon and Liberty Global have already been rumored to be talking with Intel about possibly buying the unit.

Bloomberg's sources indicate Verizon (VZ) is looking to use the Intel unit as a springboard to offer its own Web TV service, one that would expand its TV reach to areas not covered by FiOS. Verizon has reportedly been asking content owners if it would need new contracts to offer a Web TV service, or if it could simply amend its FiOS deals.

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Comments (8)
  • Valuable Insights
    , contributor
    Comments (478) | Send Message
    Considering this was hoped to be a major initiative, this would have to be seen as another major FAIL by Intel.
    25 Nov 2013, 07:31 PM Reply Like
  • ralph111
    , contributor
    Comments (257) | Send Message
    then again this could have been a plan by mgt all along
    25 Nov 2013, 07:43 PM Reply Like
  • jammerculture
    , contributor
    Comments (402) | Send Message
    There is no room for Intel in that space, no synergy. It never made sense to me.
    25 Nov 2013, 09:11 PM Reply Like
  • Stock Market Mike
    , contributor
    Comments (3664) | Send Message
    Agreed. Content distribution is a rights minefield. Get out! If quite profitably, all the better!
    25 Nov 2013, 09:15 PM Reply Like
  • raincity
    , contributor
    Comments (236) | Send Message
    As an INTC long I never understood why they were trying to get into this game to begin with.
    25 Nov 2013, 09:49 PM Reply Like
  • Justin Jaynes
    , contributor
    Comments (3154) | Send Message
    there was an interview with the old CTO Justin Rattner that had a very disturbing comment, at least to me:


    "In 2012, Intel spent $10.1 billion on research and development, making it one of the biggest R&D spenders in the world.
    Half of that money goes to wildly experimental tech, Justin Rattner, Intel CTO said Monday on stage at the Bloomberg Next Big Thing Summit.


    "50 cents of every dollar goes into exploratory stuff and the other 50 cents of every dollar goes into tech that serves the business unit that makes the money," he said."
    25 Nov 2013, 10:30 PM Reply Like
  • onlyapps
    , contributor
    Comments (63) | Send Message
    R&D gives huge tax breaks.
    26 Nov 2013, 08:26 AM Reply Like
  • Yokyok
    , contributor
    Comments (327) | Send Message
    I want $500 for my TV that doesn't work. any takers?
    25 Nov 2013, 10:25 PM Reply Like
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