Samsung Buys Boxee
Samsung confirmed Wednesday that it has acquired Boxee, the maker of over-the-top video streaming devices, including a new model that has been paired with a cloud DVR service.
"Samsung has acquired key talent and assets from Boxee. This will help us continue to improve the overall user experience across our connected devices," a Samsung spokesperson said in a statement to Multichannel News. In addition to connected TVs, possible ports of entry for Boxee's UI on the Samsung product lineup include Blu-ray players and a new retail CableCARD device in the works that will combine live TV with over-the-top video.
Samsung declined to provide financial terms of the deal, but published reports Wednesday put it at "tens of millions of dollars," but less than the $28.5 million Boxee has raised since it was founded in 2007. Another report said Samsung will take on Boxee's workforce of roughly 40 employees.
Click here to read the full story at Multichannel News.
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