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Verizon Said to Spend Less Than $200 Million on Intel TV

Verizon Communications Inc. agreed to pay less than $200 million to buy Intel Corp.’s Internet-television startup, according to two people with knowledge of the matter.

The two companies announced the deal in a statement this morning, saying it included about 350 Intel employees coming to Verizon. The people familiar with the price asked not to be identified because the companies aren’t disclosing the transaction’s financial terms.