Feeds

Intel offloads home-grown internet TV system to Verizon

Chipzilla hands over keys, staffers of the pay-telly service it gave up on

Intelligent flash storage arrays

Intel has managed to offload its pay-TV startup OnCue, after deciding last year it would rather sell it off than try to launch the service itself.

Chipzilla's offshoot, now called Intel Media, has gone to Verizon Communications, the second-largest telco in the US, which plans to merge it into its existing internet telly offering.

The companies didn't disclose the financial terms of the deal, but they said in a statement that Verizon would be hanging on to the subsidiary's 350 or so employees and that the intellectual property rights and other assets of OnCue were a part of the deal. When the service went on the block last year, reports put the price tag at somewhere around $500m.

Verizon was suggested as a potential buyer in November last year, when other potential suitors were rumoured to include Samsung and Liberty Global. Intel was supposed to be launching OnCue itself, but new CEO Brian Kranich decided he wanted to focus on making sure the company's biggest earner, chips, made the transition from PCs to mobile devices.

The idea behind the service is to provide paid-for television over a high-speed internet connection and the system includes servers, set-top boxes and applications to get TV programmes onto tellies, mobes and fondleslabs. ®

Beginner's guide to SSL certificates

Whitepapers

Go beyond APM with real-time IT operations analytics
How IT operations teams can harness the wealth of wire data already flowing through their environment for real-time operational intelligence.
The total economic impact of Druva inSync
Examining the ROI enterprises may realize by implementing inSync, as they look to improve backup and recovery of endpoint data in a cost-effective manner.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Mitigating web security risk with SSL certificates
Web-based systems are essential tools for running business processes and delivering services to customers.