Boxee a small company that makes set-top boxes has been bought by Samsung for a reported $50M.

The news came from the Israeli site The Marker, Boxee was looking for a second round of funding before it decided to go looking for a buyer. Its obvious that Boxee’s software is what’s key which will be utilized in Samsung’s future Smart TVs, as the company has a problem when it comes to simplifying the UI when adding more features.

The 50 employees Boxee has will remain, Boxee failed to comment when it was asked about its purchase.

The Marker

TechWrapZA

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