Boxee has struggled to make a name for itself in the home entertainment market, but things just took an interesting turn. According to a report from TheMarker, Boxee has been acquired by consumer electronics giant Samsung for “tens of millions of dollars.” The figure is said to be less than $30 million, which is the amount Israel-based Boxee was rumored to be looking for. Samsung’s Boxee buy could be a good play that will give the company a solid cloud-based DVR and TV streaming service to bolster its entertainment portfolio. Boxee has raised $28.5 million in capital since it was founded in 2007, and its service has gone through several major changes. Boxee started as a media hub but the service now consists of a set-top box with several compatible video apps, and unlimited cloud DVR service that allows users to stream live or recorded TV to computers, smartphones and tablets.
Samsung acquires cloud TV startup Boxee for ‘tens of millions of dollars’
Published Jul 3rd, 2013 11:55AM EDT
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Zach Epstein has been the Executive Editor at BGR for more than 15 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.
His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.
