In February earlier this year, Intel confirmed that it has set up a new division called Intel Media which is working on its internet TV project. It was back in December 2012 when the first rumors about Intel playing with the idea of becoming an internet TV provider started making the rounds. Though recent rumors suggest that Intel is now willing to give up the project, Verizon has reportedly been in talks with the chip maker to takeover Intel Media. If the latest from Bloomberg is to be believed, Big Red may face some competition from European cable operator Liberty Global.

Citing three people “with knowledge of the situation,” the report claims that talks between Intel and Liberty Global are at an early stage right now and there is a possibility that they might fall through. While spokespersons for both Intel and Liberty Global have declined to comment on the report, it is said that the latter plans on using Intel’s internet TV system outside the U.S.Verizon was said to be in advanced negotiations with Intel, but the report doesn’t say if Verizon is still interested in the division or if it has decided not to pursue Intel Media any further. The people cited in the report have not disclosed the price being discussed for Intel’s internet TV project.

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