Intel TV Service in Talks With New Suitor … for Use Outside the U.S.
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John Malone’s Liberty Global, the European cable operator, is in talks to acquire Intel’s online pay-TV service under development, said three people with knowledge of the situation.
Mr. Malone would use Intel’s system outside the U.S., said one of the people, who asked not to be identified because the talks are private. London-based Liberty Global owns Virgin Media in the U.K., and operates in Germany, Belgium and elsewhere. Negotiations are early and could fall apart, said the people, who declined to comment on the price being discussed.
Liberty Global’s interest creates competition for the advanced set-top box being developed by Intel since at least early 2012. The chipmaker, which previously promised to offer service this year, wound up balking at making significant programming investments on its own, and began looking for partners. People with knowledge of the situation said last month that Verizon Communications was in talks to buy Intel’s project.
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