Video-streaming specialist Boxee is no longer an independent company. In a post on its home page, the company revealed that it has been acquired by Korean electronics giant Samsung . The latter firm confirmed the news via a statement emailed to media outlets such as The Wall Street Journal, adding that a "substantial" part of Boxee's workforce would join Samsung.The terms of the deal were not disclosed.
Boxee's TV set-top devices allow users to record, store, and stream broadcast content. The company was founded in 2007, and it has managed to raise $26.5 million in venture capital financing.
The article Samsung Acquires Boxee originally appeared on Fool.com.
Fool contributor Eric Volkman has no position in Samsung, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.