Chip Maker Intel Looks For $500 million For Pay TV Venture

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Posted 3 years ago

HR

Chip Maker Intel Looks For $500 million For Pay TV VentureHoping to have a deal in place by the end of this year, 2013, is Intel. As a chip maker they seek $500 million.

Maybe Verizon would be a buyer. Samsung has had a meeting with Intel. What Intel is doing is trying to raise the capital for the pay-tv (television) service called OnCue.

Intel needs to recoup the money they have spent already on this project.

Supplying the demand for chips as per the owner of OnCue is the order Intel is filling.

– Rich Casale

HR

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