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Verizon is going to buy Intel’s startup OnCue

Verizon Communications Inc. is near an agreement to purchase Intel Corp.’s Internet-based pay-TV startup, according to people familiar with the discussions.

The deal may be announced as soon as this week, after final details are complete, said the people, who asked not to be identified because the talks aren’t public. Intel, which developed the service called OnCue, began looking for a buyer this year rather than invest in the programming and bring it to market on its own.

http://www.bloomberg.com/news/2013-12-13/verizon-said-near-agreement-to-buy-intel-s-start-up-tv-service.html