Boxee is secured at $30 million by Samsung

Samsung acquired a streaming media base for approx. $30 million, stating the earlier chatters for the giant’s coming time. Boxee began by offering free of cost media software that could be used in a big list of devices, and finally ended its dedication on software for its own device. Official declaration from the galaxy maker is still missing but it’s highly believed that the Boxee will shortly arrive on Samsung’s smart TV range.

“We can confirm that Boxee will be joining Samsung. We’ll have a formal statement on our website later this week,” revealed a Boxee spokesperson to VentureBeat. The Korean giant has still not concluded for what the financial terms were in the deal. The streaming software base was earlier seeking for funds to unite to the $26.5 million gathered earlier. Then, it moved its pathway and started searching for a strong acquirer in past some time.

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Boxee


Boxee did update its website that reveals:

We’re pleased to announce that the Boxee team will be joining Samsung.

We started on this journey six years ago, and have been at the forefront of the changing TV and video landscape. We believe that over the next few years the video market will change even more than it has in the past few decades.

Joining Samsung means we will be able to work on products that marry the best hardware and software in the TV space, products that will be used by tens of millions of people and will help to shape the future of TV.

We are excited about the next chapter for our team.

For Boxee users, we’re working behind the scenes to ensure there’s minimal impact to your devices. However, the beta Cloud DVR functionality we provided to certain Boxee TV users will be discontinued on July 10th. You will not have access to your existing recordings after that date. We realize many of you loved the service, and we’re sorry it won’t be available moving forward.

We’re incredibly proud of what we’ve built, and we want to thank you for being a part of our journey.


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