Samsung acquires Boxee for a reported $30M amount on Wednesday. This acquisition deal is officially confirmed by both companies. Boxee is shutting down its beta Cloud DVR service for Boxee TV users on 10th July.
It is now confirmed that Samsung has acquired streaming start up Boxee on this Wednesday. This acquisition deal is reportedly done in $30M. But a Samsung spokeswoman confirmed only the acquisition and not the amount of it. In a statement to The New York Times, spokesperson said, “Samsung has acquired key talent and assets from Boxee. This will help us continue to improve the overall user experience across our connected devices.”
Don't Miss: How to Find NES Classic at Target Stores
Boxee has officially announced to join Samsung via a statement on its landing page. Boxee was started 6 years ago to offer viewers watch any type of digital video using their software. But later on, the company starts manufacturing its own TV set to boxes called Boxee Box running on its own software. This streaming start up has remained the top choice at world's biggest tech trade event, Consumer Electronics Show.
Boxee confirmed acquisition in words, "We’re pleased to announce that the Boxee team will be joining Samsung." But this acquisition will impact its services like Boxee Box and Boxee apps etc. But main thing is the shutdown of Boxee Beta Cloud DVR service. The company states, "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."