Internet video set-top vendor Boxee plans to announce next week that it has a new owner, VentureBeat reported Thursday, citing anonymous sources.
The sale price "was lower than Boxee had hoped for," according to the report, which doesn't name the buyer.
Boxee began selling a new $99 Cloud DVR set-top earlier this year. In addition to allowing users to access Internet video programming, the DVR lets customers in New York, Los Angeles, Chicago, Dallas, Houston, Atlanta, Philadelphia and Washington, D.C., store local TV programs captured with over-the-air antennas on cloud-based servers. Boxee charges $14.99 monthly for the cloud DVR service.
The reported acquisition comes as Boxee faces increased competition from streaming video set-top leader Roku, which has partnered with Time Warner Cable (NYSE: TWC) and several smaller cable operators.
Boxee VP of Marketing Andrew Kippen declined to comment on Friday.
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