Verizon Inks Deal For Intel's Online TV Operation

Law360, New York (January 21, 2014, 5:15 PM EST) -- Verizon Communications Inc. has agreed to purchase Intel Corp.'s online television outfit, Intel Media, the companies said Tuesday.

The telecommunications giant will acquire all intellectual property rights and assets related to Intel Media's “OnCue” platform, which it uses to enable its online video and television service, Cloud TV. The financial terms of the agreement were not disclosed, but Businessweek and other news outlets reported that Intel received less than $200 million.

The deal is expected to be finalized by the end of the first quarter....
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