Intel considers selling media outlets out of internet TV market

[Reading] Intel is negotiating with Verizon Communications, which may sell the service to the latter. Send Intel to consider exiting the network TV market (Tencent technology map) Tencent Technology Lin Jingdong October 31 compiled according to foreign media reports, chip maker Intel is considering its television service, according to people familiar with the matter, it is in talks with Verizon Communications, The service may be sold to the latter. While the talks between Intel and Verizon are at an advanced stage, it is not clear whether Verizon plans to buy the Intel Media department outright, or whether Intel will retain some of its shares. Both Intel and Verizon representatives are reluctant to comment on the rumours. Earlier this year, Intel decided to launch a network television service that includes live and on-demand programmes, hoping to find new sources of revenue to offset the reduced revenue from core chip businesses. But online television is already fiercely competitive, with many companies, including Apple, Google (Weibo), Sony and Microsoft, planning to occupy the home market through television, while Netflix and Amazon have millions of users of streaming video services. Intel has also been trying to reach a content cooperation agreement with media companies.