Samsung Acquires Boxee

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Video-streaming specialist Boxee is no longer an independent company. In a post on its home page, the company revealed that it has been acquired by Korean electronics giant Samsung (NASDAQOTH: SSNLF  ) . The latter firm confirmed the news via a statement emailed to media outlets such as The Wall Street Journal, adding that a "substantial" part of Boxee's workforce would join Samsung.The terms of the deal were not disclosed.

Boxee's TV set-top devices allow users to record, store, and stream broadcast content. The company was founded in 2007, and it has managed to raise $26.5 million in venture capital financing.

Read/Post Comments (1) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On July 05, 2013, at 3:54 PM, grahamsway wrote:

    This is really interesting news. Kind of suggests Samsung is going right after Apple's current and future TV offerings.

    Good business or just grudge match?

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2523621, ~/Articles/ArticleHandler.aspx, 10/13/2015 10:58:06 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Eric Volkman

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.

Today's Market

updated 1 hour ago Sponsored by:
DOW 17,081.89 -49.97 -0.29%
S&P 500 2,003.69 -13.77 -0.68%
NASD 4,796.61 -42.03 -0.87%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes