Deals
Intel Said to Seek $500 Million in Sale of Online-TV Startup
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Intel Corp. is asking about $500 million for OnCue, the online pay-TV service that the world’s largest chipmaker developed before dialing back its ambitions, according to people with knowledge of the process.
Intel is seeking to secure a sale by year-end, said the people, who asked not to be identified because the talks are private. One suitor, Verizon Communications Inc., has begun talking with owners of broadcast and cable channels about terms for a streaming TV service, the people said.