Add-on Acquisition • Internet Software and Services

Verizon Communications Acquires OnCue TV

On January 21, 2014, Verizon Communications acquired internet software and services company OnCue TV from Intel for 200M USD

Acquisition Context
  • This is Verizon Communications’ 1st transaction in the Internet Software and Services sector.
  • This is Verizon Communications’ 16th largest (disclosed) transaction.
  • This is Verizon Communications’ 11th transaction in the United States.
  • This is Verizon Communications’ 3rd transaction in California.

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M&A Deal Summary

Date January 21, 2014
Target OnCue TV
Sector Internet Software and Services
Buyer(s) Verizon Communications
Sellers(s) Intel
Deal Type Add-on Acquisition
Deal Value 200M USD

Target Company

OnCue TV

California, United States
OnCue is an online pay-TV service.
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Buyer Overview 1

Buyer

Verizon Communications

New York, New York, United States

Category Company
Founded 1983
Sector Communications
Employees99,600
Revenue 134.8B USD (2024)
DESCRIPTION
Verizon storefront in New York City.
Verizon storefront in New York City.

Verizon Communications is a provider of communications, information, and entertainment products and services to consumers, businesses and governmental agencies. Verizon offers voice, data and video services and solutions on wireless and wireline networks that are designed to meet customers’ demand for mobility, network connectivity, security and control. Verizon Communications was founded in 1983 and is based in New York, New York.


Deal Context for Buyer #
Overall 11 of 36
Sector: Internet Software and Services 1 of 6
Type: Add-on Acquisition 9 of 29
State: California 3 of 10
Country: United States 11 of 34
Year: 2014 1 of 3
Size (of disclosed) 16 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-09 EdgeCast

Los Angeles, California, United States

EdgeCast helps companies meet the ever-growing expectations of their customers. Edgecast's set of solutions across content delivery, cloud security, and video streaming, combined with a team of customer-oriented domain experts, streamlines operations and improves efficiencies, so businesses can redirect their energy into creating value for their customers not managing multiple vendors and workflows. EdgeCast was founded in 2006 and is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-01 Intel Media

Santa Clara, California, United States

Intel Media, Inc. is a provider of streaming TV services.

Buy -

Seller Profile 1

SELLER

Intel

Santa Clara, California, United States

Category Company
Founded 1968
Sector Semiconductors
Employees108,900
Revenue 53.1B USD (2024)
DESCRIPTION
Entrance to Intel's corporate headquarters in Santa Clara, California.
Entrance to Intel's corporate headquarters in Santa Clara, California.

Intel is a multinational semiconductor chip maker. The Company's products are incorporated into desktop computers, wearables, servers, tablets, smartphones, and other devices. Intel was formed in 1968 and is based in Santa Clara, California.


Deal Context for Seller #
Overall 4 of 14
Sector: Internet Software and Services 1 of 2
Type: Add-on Acquisition 1 of 1
State: California 3 of 9
Country: United States 4 of 11
Year: 2014 1 of 1
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-08 Kno

Santa Clara, California, United States

Kno, the education startup that started life as a hardware business and later pivoted into software — specifically via apps that let students read interactive versions of digitized textbooks.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-25 Basis Science

San Francisco, California, United States

Basis Science is a provider of wearable device technologies for health and wellness applications. BASIS Science is also the creator of the Basis band, an advanced health tracker. The wrist-worn device and web and mobile service captures physiological metrics such as heart rate to help people get fit, sleep better and stress less.

Buy $100M