A spokesperson for Samsung has confirmed to the New York Times that the South Korean tech giant has acquired hardware and software provider of internet TV, Boxee. However, the Korean company did not disclose the amount it had spent to make the deal. Prior to this, rumours were rampant that Samsung had gotten a hold of Boxee but since both companies did not officially confirm the news the story was labeled as speculation. Nevertheless, things finally got clearer when Samsung made the announcement via NYT:
“Samsung has acquired key talent and assets from Boxee. This will help us continue to improve the overall user experience across our connected devices.”
After that Boxee also confirmed that it had been bought by the Galaxy smartphone maker and it will suspend its Cloud DVR service from July 10th, as the company made the following announcement on its website:
“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.”
Although, the two companies did not reveal the amount of the deal, but rumour has it that Samsung has spent $30 million to reach an agreement with the internet TV software and hardware providing company. It is expected that the acquisition will use Boxee’s team and assets to incorporate their Smart TVs technology in its future devices.
Source: 9to5Google, Boxee, TNW
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