Samsung Acquires Boxee

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.

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  • 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?

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