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Samsung acquires Boxee for around $30 million

Samsung scoop up entertainment startup Boxee for $30 million

| Business, Financial & Legal News | Posted: Jul 4, 2013 2:28 am

Samsung have acquired Boxee, an Israel- and New York-based streaming media and entertainment startup. Boxee launched their latest product, the Boxee Cloud DVR, which was rebranded to Boxee TV in order to show it is made for streaming over-the-air broadcast HD channels.

 

TweakTown image news/3/1/31544_01_samsung_acquires_boxee_for_around_30_million.jpg

 

Samsung make TV's, so it would make perfect sense for them to scoop up someone with a great UI and traction in the market. The purchase is being reported by numerous Israeli outlets, with The Market reporting it cost Samsung $30 million. I would love to see Boxee become part of Samsung TV's, personally owning one, which would really help Samsung fight against the competitors - and Apple, who will release a TV in the near future.

 

The South Korean giant have confirmed the news to the New York Times, saying they have "acquired key talent and assets from Boxee."

NEWS SOURCE
Techcrunch.com

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