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’
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