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TechnologySamsung Bought Boxee For $30 Million

Samsung Bought Boxee For $30 Million

The New York Times received confirmation that the Korean based Samsung acquired key talent and technology from the Israeli based startup Boxee. The small company, based in Tel Aviv, originally offered computer software for watching any format of digital video. It later shifted to selling a proprietary set-top box.

According to TechMeme: Boxee’s social networking component allows users to share information about what they are watching or listening to with other boxee users or friends on social networks like Twitter, Facebook, etc.

According to the statement given to the New York Times: “Samsung has acquired key talent and assets from Boxee,” the spokeswoman said in a statement. “This will help us continue to improve the overall user experience across our connected devices.”

Samsung has been improving its technology in Smart TVs through business purchases.

We wish the company well.

LPH
Layne Heinyhttp://www.layneheiny.com
LPH is a high school physics teacher interested in the Apple iPad and iPhone, Microsoft Surface, Tablet PCs, and other mobile devices. He resides with one large dog who begs for pizza, hamburgers, French fries, and anything else on the dinner table.

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