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Verizon is close to inking a deal with Intel to buy the chip maker’s yet-to-be launched online TV service OnCue, according to a Bloomberg report. Intel originally planned to launch the service by the end of the year, but the company’s new CEO Brian Krzanich decided that Intel shouldn’t be in the TV business, after all. Bloomberg reports that Verizon wants to use the unit to offer TV services outside of its market footprint, but it’s still unclear how exactly such an offering would look like.

Story posted at: bloomberg.com

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