Wednesday, 3 July 2013

Report: Samsung buys Boxee, keeping on full staff



Report: Samsung buys Boxee, keeping on full staff
Jul 3rd 2013, 15:55, by Ben Gilbert

Report Samsung buys Boxee, keeping on full staff
Several Israeli news agencies are reporting that Korean electronics giant Samsung purchased set-top box company Boxee today. The Tel Aviv-based company apparently got less than the $30 million it was reportedly seeking, thus coming up at a loss since being founded in 2007. Boxee's approximately 40 employees are said to be staying on, including president Avner Ronen. A Boxee rep tells Engadget "We can't comment on the accuracy of those reports." Samsung has not yet responded to our inquiries, but we'll update this post as we learn more.
Update: TechCrunch is also confirming the acquisition, and cites its own "reliable sources."
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Source: Calcalist, The Marker
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