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January 21, 2014 02:07 pm GMT

Verizon Ramps Up In TV, Buys Troubled OnCue And The Rest Of Intel Media From Intel

old televisionAs Verizon gears up to report its quarterly results later today, the company has jumped a little deeper into the TV services pool. It has acquired Intel Media, a group of cloud TV assets that includes the OnCue Clould TV platform -- widely considered a failure for never getting off the ground, leading Intel to see a buyer. Terms of the deal have not been disclosed but were reportedly in the range of $500 million when the deal was being reported in November 2013.

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