Samsung Acquires Boxee For Around $300 Million
Samsung is currently dishing out a formal statement confirming that it has acquired "key talent and assets" from streaming media startup company Boxee. The company said this acquisition will help it to continue to improve the overall user experience across its connected devices. So far an official press release has not been distributed by Samsung or Boxee Inc.
The confirmation arrives after several Israeli news outlets (The Marker and The Calcalist) reported that Boxee had been acquired by Samsung for around $30 million USD. Samsung will reportedly keep the Boxee staff employed which consists of around 45 people located in New York City and Tel Aviv. So far it's unknown if these employees will be relocated to one central Samsung facility, or continue on as is.
The $30 million price tag is reportedly low for Boxee, as the startup has only raised $26.7 million to date. That said, if $30 million is the correct acquisition figure, then it will be barely enough to cover the amount of money invested into the streaming media startup. The company originally offered a cross-platform freeware HTPC app for watching video starting June 2008, but then later shifted to selling a set-top box with the software already installed.
Manufactured by D-Link, the Boxee Box made its debut in November 2010 in 33 countries using a 1.2 GHz Intel Atom SoC, 1 GB of RAM, 1 GB of internal storage, HDMI 1.3 and more. The second-generation Boxee Cloud DVR, also made by D-Link, made its debut as a $99 Walmart exclusive back in October 2012, and charged $10 per month for unlimited DVR storage capabilities. The older box is no longer receiving updates, but the current unit recently saw added features like 3D content on VuDu and DLNA streaming.
With Samsung taking control of Boxee, there's a good chance the company will ditch D-Link and use its own hardware. Boxee may also be incorporated into Samsung Smart TVs, eliminating the need for the customer to purchase a separate, stand-alone set-top box. It will be interesting to see how this new acquisition unfolds in regards to Samsung devices in the near future.