Samsung buys Boxee – an set-top box company

Several Israeli news agencies are reporting that Korean electronics giant Samsung purchased set-top box company Boxee couple of days ago. The Tel Aviv-based company (founded in 2007) was sold for less than the $30 million it was reportedly seeking. Samsung confirmed that there will be no layoffs within the company, so all 40 employees including former president will still have a job there.

A Samsung statement reads, “Samsung has acquired key talent and assets from Boxee. This will help us continue to improve the overall user experience across our connected devices.”

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