John Malone's Liberty Global in Talks to Acquire Intel Online TV Service (Report)
The tech giant has long been developing the service and looking for partners.
John Malone’s Liberty Global, which operates cable companies across Europe, is in talks to acquire Intel’s long-gestating online pay TV service, Bloomberg News reported, citing people familiar with the situation.
On Tuesday, though, a spokesperson for Liberty Global said that there are no such negotiations. The story is "without foundation," the spokesperson told The Hollywood Reporter.
Liberty Global, led by chairman Malone and CEO Mike Fries, would use Intel’s system in its international cable systems, according to the Bloomberg report.
The news comes after a recent report that Verizon, which offers the FiOS pay TV service, was looking at potentially buying the Intel service.
Liberty Global earlier this year acquired U.K. cable giant Virgin Media and also operates in such countries as Germany, the Netherlands and Belgium.
Financial details weren't immediately clear.
The discussions are at an early stage and could fall apart, according to Bloomberg. Last year, it emerged that Intel was working on the video service, but didn't want to make a big programming investment without a partner.
Spokespeople for Intel weren't available.
Liberty Global has been looking to add new broadband offers. Virgin Media, for example, announced in September an agreement to offer Netflix's online service via its set-top boxes.