the South Korea electronics giant has taken the Tel Aviv-based DVR technology company under its wing, according to TechCrunch and outlets in Israel. South Korean electronics giant Samsung bought Boxee for around $30 million, TechCrunch is reporting, citing unnamed sources. It follows earlier reports from Israeli media A Boxee representative didn't immediately respond to an message seeking comment. Related stories Mystery Boxee buyer kicking in less than hoped, report says Boxee CEO dishes on Aereo, Apple and talks up cloud DVR Boxee set to battle Apple TV, Roku Wal-Mart to start selling Boxee TV set-top box Boxee had been shopping itself first trying to scrounge up a new round of funding and then courting outright buyers, according to recent reports. Boxee was among the first companies to offer a product that streams movies and shows from Internet services directly to the TV. But as the market for that grew more competetive with the likes of Roku, Apple TV, and Samsung itself entering the fray, Boxee has struggled to make its voice heard -- and has grappled to find traction when it expanded into a related arena. As it broadened itself away from open-source software, it turned to services like cloud-based DVR. But the set-top box market has grown rife with competitors, including cable and satellite TV companies that have their own DVR services. The takeover, for a relatively low price, is the latest in a parade of Samsung investments as the consumer electronics maker hunts out ways to innovate and expand its customers. Recently, it has taken stakes both high profile -- an investment panel maker Sharp -- and lowe key, such as stylus maker Wacom and NVELO, a storage-software company.
the South Korea electronics giant has taken the Tel Aviv-based DVR technology company under its wing, according to TechCrunch and outlets in Israel.
South Korean electronics giant Samsung bought Boxee for around $30 million, TechCrunch is reporting, citing unnamed sources. It follows earlier reports from Israeli media
A Boxee representative didn't immediately respond to an message seeking comment.
Related stories
- Mystery Boxee buyer kicking in less than hoped, report says
- Boxee CEO dishes on Aereo, Apple and talks up cloud DVR
- Boxee set to battle Apple TV, Roku
- Wal-Mart to start selling Boxee TV set-top box
Boxee had been shopping itself first trying to scrounge up a new round of funding and then courting outright buyers, according to recent reports.
Boxee was among the first companies to offer a product that streams movies and shows from Internet services directly to the TV. But as the market for that grew more competetive with the likes of Roku, Apple TV, and Samsung itself entering the fray, Boxee has struggled to make its voice heard -- and has grappled to find traction when it expanded into a related arena.
As it broadened itself away from open-source software, it turned to services like cloud-based DVR. But the set-top box market has grown rife with competitors, including cable and satellite TV companies that have their own DVR services.
The takeover, for a relatively low price, is the latest in a parade of Samsung investments as the consumer electronics maker hunts out ways to innovate and expand its customers. Recently, it has taken stakes both high profile -- an investment panel maker Sharp -- and lowe key, such as stylus maker Wacom and NVELO, a storage-software company.
