New Delhi: Chipmaker Intel Corp is looking to get rid of its nascent television service and is in talks with Verizon Communications Inc to take over the business, according to a report on tech website All Things D, citing people familiar with the matter.
It is still not clear whether Verizon will take full control of Intel's media unit or Intel would maintain a stake in the unit, the report said.
Earlier this year, Intel decided it would launch an Internet TV service with live and on-demand content in a bid to find an alternative revenue stream as its core business of providing chips to computer makers erodes. However, Intel struggled to reach content deals with media companies.
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