Intel wants $500 million for Internet TV service: Bloomberg

Intel Corp is trying to offer its yet-to-launch Internet tv support for $500 thousand and wants to complete a deal by year-end, Bloomberg revealed on Monday.

Verizon Emails, one of the suitors, has verbal with content suppliers about a loading tv support, Bloomberg also said, stating un-named resources.

Intel dropped to opinion on the review.

Intel's venture, known as OnCue, has experienced difficulties getting off the floor since it was formally released in Feb. The chipmaker's new CEO, Mark Krzanich, eventually made the decision Intel could not manage the diversion and cost, resources acquainted with the decision informed Reuters a week ago.

While Intel came close to completing offers with some of the significant developers, according to market resources on both factors of the speaks, the conditions were such that Intel would have experienced advance outlays in the billions regardless of how quickly the support captured on, the same resources say.