Samsung Buys Israeli Web TV Startup Boxee

Mobile phone maker Samsung has acquired key talent and assets from Boxee, according to a Samsung spokesperson. No financial terms were disclosed, although some news sources report that the amount is for $30 million. About the acquisition, Samsung says in a statement: “This will help us continue to improve the overall user experience across our connected devices.” Based in Tel Aviv, Israel, Boxee, which is backed by Spark Capital, Union Square Ventures, General Catalyst Partners, Pitango Venture Capital and Softbank, NY, is a web TV startup.