Market Overview

Verizon to Acquire Intel Media Assets; Terms Not Disclosed

Verizon Communications (NYSE, Nasdaq: VZ) and Intel (Nasdaq: INTC) today announced an agreement for Verizon to purchase from Intel the assets of Intel Media, a business division dedicated to the development of Cloud TV products and services.

The transaction will accelerate the availability of next-generation video services, both integrated with Verizon FiOS fiber-optic networks and delivered "over the top" to any device.

Terms of the transaction were not disclosed.

See full press release

Posted-In: News Guidance Asset Sales M&A Global

 

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