Wednesday 3 July 2013

Boxee acquired by Samsung for about $30 million in surprise deal, according to report



Boxee acquired by Samsung for about $30 million in surprise deal, according to report
Jul 3rd 2013, 15:54, by Dante D'Orazio
Boxee-tv-xl1_large
Boxee, a relatively small company known for its set-top box that streams media to TVs, has been purchased by Samsung for roughly $30 million. The news comes out of Israeli site The Marker, and we're working on obtaining confirmation of the deal from both companies. VentureBeat revealed last month that Boxee was searching for a buyer, but Samsung is an unexpected suitor for the company. According to today's report, Boxee — which is based in New York and has offices in Tel Aviv — will retain its 40 employees following the acquisition. The startup had raised a total of $26.5 million in funding and was reportedly seeking another $30 million before it opted to pursue an acquisition.
It's expected that Samsung will use Boxee's...
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