Boxee, the New York- and Tel Aviv-based online DVR company, has reportedly found a buyer for its assets. The company had been marketing itself to potential investors for months, All Things D reported last week.
And the search for a suitor has paid off, according to VentureBeat, which said the company could announce the deal imminently. Boxee hired the investment bank Allen & Co. earlier this year to help it either raise money or find a buyer, All Things D reported.
Boxee has been selling a device called the Boxee TV that features an integrated tuner for free over-the-air HD signals and unencrypted cable programming. The device also offers access to online video providers such as Netflix (Nasdaq: NFLX) and others. In some markets, Boxee also offers a remote-storage DVR service through the device.
At The Cable Show last week, cable operators and their suppliers showed off similar capabilities on devices meant to be leased to subscribers by a pay-TV distributor.
Boxee rebrands again, new device called Boxee Cloud DVR
Boxee pitches free Netflix and cloud DVR to sell new TV set-top