Samsung Has Acquired Digital Video Company Boxee For Around $30 Million

Posted Jul 3, 2013


Samsung Electronics has acquired a digital video startup company called Boxee.  The financial details of the acquisition is unknown, but Jewish Press is reporting that it was for $30 million.  Samsung did not confirm the price.  Boxee raised around $26.5 million in total funding across 3 rounds.  Boxee started off as a service to organize web videos.  Later they released video box hardware that was similar to the Apple TV and Roku player.  Shortly after that, the company transitioned into a cloud-based DVR company.  Boxee’s team will likely work on connected TV initiatives at Samsung going forward.