Samsung reportedly buys Boxee for $30 million (Update: Confirmed)
Update: The acquisition has now been confirmed by Samsung. In a statement to the New York Times, the company had the following to say:
“Samsung has acquired key talent and assets from Boxee. This will help us continue to improve the overall user experience across our connected devices.”
According to a new report from Israeli business site The Marker (via The Jewish Press), Samsung has purchased Boxee, the company behind the home theater PC software and set-top box that lets users stream content on their TV and computer. The report claims that Samsung paid around $30 million for the company and will continue to employ Boxee’s 40 workers.
Boxee on sale to Samsung: "No comment."
— Jay Yarow (@jyarow) July 3, 2013
Boxee has been looking for a buyer or more funding for the past few months. It was reported last month that the company had found a buyer, but this is the first specific information we have heard about a possible acquisition.
Samsung is an interesting buyer for sure. More than likely, the company would use the team’s talent to improve its Smart TV software, but it’s also possible that the two companies could work on some sort of video streaming service, as well, possibly based off of Google TV.
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