
South Korean electronics giant Samsung has purchased Israeli and New York City streaming media start-up Boxee for $30 million, tech websites reported. Israeli sites, including The Marker and The Calcalist, confirmed the purchase although there were conflicting reports of the final purchase price, Tech Crunch reported Wednesday. Samsung confirmed the deal, saying in a statement it has "acquired key talent and assets from Boxee." The impending acquisition comes after the Tel Aviv start-up unveiled its latest hardware device last October, the Boxee Cloud DVR, with a focus on streaming over-the-air broadcast HD channels and recording the content in those transmissions. The adding of Boxee makes sense for Samsung, which manufacturers a number of connected devices, including smart TVs. "This will help us continue to improve the overall user experience across our connected devices," a Samsung spokeswoman said in the company's statement. The Samsung-Boxee joining will find itself in a highly competitive market, full of set-top box offerings, including those of cable and satellite TV companies that have their own DVR services.
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:23 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 16:34 2018 Tuesday ,13 November
Amazon announces new headquarters in New York and WashingtonGMT 16:51 2018 Monday ,12 November
Egypt's exports to Nile basin countries reached EGP 19.9 bln in 2017: CAPMASGMT 08:11 2018 Friday ,09 November
Kaspersky Lab CEO suggests replacing cybersecurity with 'cyber-immunity'GMT 14:00 2018 Thursday ,08 November
Namibian enterprise endeavours to seize opportunities at China import expoMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor