The corporate venturing unit of the US-based chip manufacturer lands a Taiwan telecommunications exit, while a US-based portfolio company buys an India-based entertainment company.
Intel Capital, the corporate venturing unit of the eponymous US-based chip manufacturer, has sold its stake in mobile internet and telecommunications operator Vmax to Taiwan-based network operator Vee Time.
The price Vee Time paid for Intel Capital’s stake is undisclosed. Intel owned a 19% stake in Vmax, and Vee Time acquired another 39% held by Taiwan-based telecommunications company Vibo Telecom. Intel acquired its stake for $11.5m in October 2008.
Separately, US-based Verismo Networks, an internet television platform backed by…
