Earlier today, we reported that Boxee was seeking a potential buyer after initially trying to raise a new round of funding. The company declined comment to VentureBeat about those claims.
Boxee’s latest ‘pivot’ away from providing open-source software for desktops and TVs was ill-received by its biggest supporters. And its new Boxee TV / Cloud DVR storage service (for recording live programming from HD broadcast signals or cable TV) also wasn’t a huge hit with consumers, despite providing apps to access Netflix, Vudu, Spotify, and others like the open-source software.
Our sources confirmed that Boxee was seeking an acquisition over the last few months, but that there wasn’t much interest among potential buyers. Also, there were apparently very few offers, and the final sale was lower than Boxee had hoped for, too. The company previously raised $26.5 million, and was aiming for another $30 million before deciding to pursue an acquisition.
Cheredar pontificates that it's likely to be an enterprise-level media service/device manufacturing companies (D-link, Cisco) that would have the most to gain from buying like Boxee and doubts others like Dish Network or TiVo would be able to justify buying Boxee since they already have their own consumer products.
Boxee is a cross-platform freeware HTPC (Home Theater PC) software application with a 10-foot user interface and social networking features designed for the living-room TV that enables its users to view, rate and recommend content to their friends through many social network services and interactive media related features. Boxee was originally a fork of the free and open source XBMC media center software which Boxee now uses as an application framework for its GUI and media player core platform, together with some custom and proprietary additions.Marketed as the first ever "Social Media Center", Boxee recently announced the ability to watch live TV on the Boxee Box with the introduction of the live TV stick. Avner Ronen released it to the market in January 2012.