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Posted by on Jul 3, 2013 in Companies |

Samsung buying Boxee for a third of the value that has been invested in it

Samsung buying Boxee for a third of the value that has been invested in it

(CC) William Hook

When launched in 2007 was one of the first systems that allowed connecting the TV to the Internet providing a user-friendly interface for users, those who could watch movies and programs, download videos or music, view photos, connect to Facebook, etc. . So, paying a service similar to a modern TV with Smart TV .

Over time – and led to increased competition in the field of multimedia entertainment centers – Boxee failed to find new financing so he decided to be sold.

While Boxee had raised total $ 28.5 million in three rounds of investment to date, the Korean company bought the Israeli startup for $ 10 million, a third of what was invested in it.

With this Samsung will boost its portfolio of devices for TV entertainment centers with products like the Boxee Cloud DVR, of the Israeli company which currently costs U.S. $ 99 and U.S. $ 10 per month unlimited hands you a storage space the cloud (as long as you live in certain cities in the United States).

Link: Israeli start-up Boxee sold to Samsung at a loss (Haaretz)

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