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Intel looking forward to sell OnCue for $500 million

Nov 25 2013, 8:51pm CST | by , in Rumors | Technology News

Intel looking forward to sell OnCue for $500 million

Intel's online pay-TV service is reportedly on sale for $500 million. Verizon among the top suitors, reports Bloomberg

Remember Intel's OnCue? Earlier this year, it was rumored that Intel was working on an Internet TV service that will compete directly with cable companies. But, for some reason, it was never launched.

Now, Bloomberg is reporting that Intel is looking forward to sell OnCue for $500 million. Interested buyers reportedly include Verizon Communications, Samsung Electronics, and Liberty Global. But according to sources, Verizon is already taking the steps in discussing the terms of the TV service with cable companies.

Intel's OnCue proffers pay-TV programming via a high-speed Internet connection. The OnCue system includes servers, set-top boxes, and apps for streaming content. The $500 million selling price should be enough to help the company recover from its loss. 

Source: Bloomberg

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