Reuters: Technology News: Intel looking to exit TV business: report

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Intel looking to exit TV business: report Oct 30th 2013, 13:57 Tweet Share this Email Print Reprints Intel processors are displayed at a store in Seoul June 21, 2012. Credit: Reuters/Choi Dae-woong Wed Oct 30, 2013 9:57am EDT (Reuters) - Chipmaker Intel Corp is having second thoughts about its nascent television service and is in talks with Verizon Communications Inc to take over the business, according to a report on tech website All Things D, citing people familiar with the matter. While discussions were in the advanced stages, it was still unclear if Verizon plans to take full control of Intel's media unit or Intel would maintain a stake in the unit, the report said. Representatives from Intel and Verizon did not immediately respond to requests for comment. Earlier this year, Intel decided it would launch an Internet TV service with live and on-demand content in a bid to find an alternative revenue stream as its core business of providing chips to computer makers erodes. It's a crowded field as Apple Inc, Google Inc, Sony Corp and Microsoft Corp jockey for position to own the living room through TV, while Netflix Inc and Amazon.com Inc's streaming video services have millions of subscribers. Intel has also struggled to reach content deals with media companies. (Reporting by Jennifer Saba in New York; Editing by Jeffrey Benkoe) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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