Latest in Acquisition

Image credit:

Samsung buys Boxee, keeping on full staff (update: Samsung confirms)

33 Shares
Share
Tweet
Share
Save

Sponsored Links

Several Israeli news agencies are reporting that Korean electronics giant Samsung purchased set-top box company Boxee today. The Tel Aviv-based company apparently got less than the $30 million it was reportedly seeking, thus coming up at a loss since being founded in 2007. Boxee's approximately 40 employees are said to be staying on, including president Avner Ronen. A Boxee rep tells Engadget "We can't comment on the accuracy of those reports." Samsung has not yet responded to our inquiries, but we'll update this post as we learn more.

Update: TechCrunch is also confirming the acquisition, and cites its own "reliable sources."

Update 2: Samsung confirmed the acquisition to us this afternoon. A Samsung statement reads, "Samsung has acquired key talent and assets from Boxee. This will help us continue to improve the overall user experience across our connected devices."

Coverage: TechCrunch
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
33 Shares
Share
Tweet
Share
Save

Popular on Engadget

Apple TV+ will drop every episode of ‘Little America’ on January 17th

Apple TV+ will drop every episode of ‘Little America’ on January 17th

View
Watch The Game Awards live at 8:30PM ET

Watch The Game Awards live at 8:30PM ET

View
Lyft debuts car rentals in Los Angeles and the SF Bay Area

Lyft debuts car rentals in Los Angeles and the SF Bay Area

View
Most Cadillacs will be electric by 2030, says GM

Most Cadillacs will be electric by 2030, says GM

View
Hulu rewards binge watchers with ad-free episodes

Hulu rewards binge watchers with ad-free episodes

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr