Tuesday, January 21, 2014

Intel Formally Shuts Off its Web TV Plans, with Sale to Verizon | Re/code

In other Intel outside news, see Slumping Intel to cut more than 5,000 jobs in 2014 (Seattle Times)

"Intel is now officially out of the Web TV business: The company has formally announced the sale of its Intel Media unit to Verizon, a deal we first told you about back in October.

The two companies didn’t announce terms for the deal, which is scheduled to close “early in the first quarter”, but said Verizon plans to purchase all of Intel Media’s assets, and expects to hire “substantially all” of its 350 employees."
Intel Formally Shuts Off its Web TV Plans, with Sale to Verizon | Re/code

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