Streaming Entertainment Startup Boxee Acquired By Samsung For Around $30M
Israeli and NYC-based streaming media and entertainment startup Boxee has been acquired by South Korean electronics giant Samsung, we’ve been told by reliable sources. The Tel Aviv-based startup launched its latest hardware device late last, the Boxee Cloud DVR, which was rebranded from the Boxee TV to emphasize its focus on streaming over-the-air broadcast HD channels, and recording the content grabbed from those transmissions. Samsung is a maker of lots of connected devices, including smart TVs, so it’s a logical purchase for them in terms of extending the reach of their media ecosystem.
The purchase has been reported by a number of Israeli outlets, including The Marker as well as The Calcalist, and both have conflicting reports of the price for the deal. The Marker reports it at $30 million, which is just over its current funding total according to the most recent count. We’ve heard from a very good source with connections close to the company that the deal is indeed done, and they also say the price is around $30 million. Our own attempts to contact Boxee directly, including emails to CEO Avner Ronen, were met with responses that the company “couldn’t comment at this time.”