With the idea of expanding into the gaming universe and gaining a stronghold in the Cloud game streaming market, Facebook has acquired Madrid-based video gaming start-up firm PlayGiga, established in 2013. According to reports, Facebook has acquired PlayGiga for about $78 million.
According to reports, the acquisition comes at a crucial time. Why? Because services like Apple and Google have also made their foray into cloud video game streaming services like Arcade and Stadia. That’s not all! Gamers will be aware that Microsoft has previewed its xCloud game streaming service.
“We’re thrilled to welcome PlayGiga to the Facebook Gaming team,” a Facebook spokesperson said. Also, the company website stated, “We are excited to announce that the PlayGiga team is moving on to something new. We are continuing our work in cloud gaming, now with a new mission. We want to thank all of our partners and customers for their support over the years.”
Among the other notable acquisitions that Facebook made in the recent past, acquiring VR headset maker Oculus for around $2 billion was an important one. Also, they have launched a live-stream service that allows users to share their gameplay.
*Edited from an IANS report.