Consumer Electronics
Samsung Buys Boxee; Jumps into Over-the-Top Video Melee
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The Boxee device is similar to Apple TV from Apple Inc. (NASDAQ: AAPL), Google TV from Google Inc. (NASDAQ: GOOG), and devices from other players including Roku.
At a $30 million buyout price, Boxee will just barely repay its early investors with a little left over to share out among employees. The big advantage for Boxee is that it now belongs to a well-endowed parent that can help it build a solid business. For Samsung, the acquisition shortens the time it would take the Korean giant to get its own device into the market.
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