Intel and Verizon in talks over TV service

By IVCPost Staff

Oct 30, 2013 04:09 PM EDT

Intel Corp., and Verizon Communications Inc. are having talks about possible takeover of Intel's TV delivery over the Internet, according to a report by Bloomberg.

According to the report, an anonymous source said that Verizon might use a new set-top box for the deal. No agreements have been reached yet. An anonymous source said that Intel would likely get involved in the project, according to the report by Bloomberg.

Since early 2012, Intel, the world's largest chipmaker, has worked on web-based TV products. Last February of this year, Erik Huggers, Intel Media's general manager, said that Intel planned to start the service this year. Verizon, on the other hand, is the second-largest phone company in the U.S. The phone company has a pay-TV service and is believed to have the potential to take over if the talks push through.

Parties from both sides have declined to comment on the issue.

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