[opendtv] Samsung Buys Boxee; Jumps into Over-the-Top Video Melee
- From: Craig Birkmaier <craig@xxxxxxxxx>
- To: OpenDTV Mail List <opendtv@xxxxxxxxxxxxx>
- Date: Wed, 3 Jul 2013 15:33:48 -0400
http://www.marketwatch.com/story/samsung-buys-boxee-jumps-into-over-the-top-video-melee-2013-07-03
July 3, 2013, 1:07 p.m. EDT
Samsung Buys Boxee; Jumps into Over-the-Top Video Melee
It probably had to happen sooner or later - and in technology, sooner is always
better. A report at TechCrunch cites sources who have told the tech-gazing
website that Samsung Electronics has acquired Israel-based startup Boxee for
$30 million. Boxee makes a hardware device that streams over-the-air broadcast
HD channels and gives users the ability to record the program for later viewing.
The Boxee device is similar to Apple TV from Apple Inc., Google TV from Google
Inc., and devices from other players including Roku.
At a $30 million buyout price, Boxee will just barely repay its early investors
with a little left over to share out among employees. The big advantage for
Boxee is that it now belongs to a well-endowed parent that can help it build a
solid business. For Samsung, the acquisition shortens the time it would take
the Korean giant to get its own device into the market.
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