Samsung “has acquired key talent and assets from...
Samsung “has acquired key talent and assets from Boxee,” a Samsung spokesman confirmed Wednesday. He didn’t disclose the purchase price or other terms of the deal, including whether it bought all of Boxee’s assets or just some of them. Samsung…
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also didn’t say whether it was hiring all or some of Boxee’s current staff of about 45 people. “This will help us continue to improve the overall user experience across our connected devices,” the spokesman said. It also wasn’t clear if Boxee will keep its offices in Tel Aviv and New York. Boxee confirmed it “will be joining Samsung,” but declined further comment. News reports pegged the purchase price at about $30 million. That would be only slightly more than the $26.5 million Boxee said it received in three rounds of funding from Spark Capital, Union Square Ventures, General Catalyst Partners, Pitango Venture Capital and SoftBank. “For many years, we're going to continue seeing many devices connected to the TV,” Boxee CEO Avner Ronen predicted at a recent Piper Jaffray conference (CD March 15 p13). But “eventually, there’s no real reason for it to continue and there should be consolidation” among the devices, he said then.