Intel is asking for $500 million for the pay-TV service that it never launched

Intel is trying to find a buyer for OnCue, its never-launched online pay-TV service, by the end of the year. The company is ask for $500 million for its service and already has one potential buyer, Verizon.

Intel Corp. is reportedly asking about $500 million for the sale of  OnCue, the never-launched online pay-TV service that the world’s largest chipmaker created but didn’t launch, according to a story by Bloomberg which cited unnamed sources.