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Verizon reportedly close to deal for Intel TV unit

  • Bloomberg reports Verizon (VZ -0.6%) is close to a deal to acquire Intel's (INTC -0.7%) TV unit, whose planned Web TV service never got off the ground. Intel was previously reported to be asking $500M for the unit.
  • Verizon is once more said to be interested in using Intel's TV assets, which include set-top software and cloud DVR tech, to launch a Web TV service of its own in areas not covered by FiOS. The broadband/pay-TV providers whose networks Verizon will have to leverage to offer the service won't be thrilled to hear that.
  • The report's timing coincides with that of a WSJ report stating Sprint is thinking of launching a bid for T-Mobile USA in 1H14. Verizon investors have taken the report in stride.
  • Previous: Verizon, T-Mobile reportedly close to spectrum deal
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