Published On: Thu, Dec 19th, 2019

Facebook acquires Madrid-based cloud gaming startup PlayGiga

Facebook has acquired PlayGiga, a Madrid-based cloud gaming startup. The association reliable a understanding to CNBC today, a week after Cinco Dias reported it was in talks to buy PlayGiga for about 70 million euros ($78 million).

PlayGiga was founded in 2013 and perceived Series A appropriation from Adara Ventures, according to Crunchbase. In May, CEO Javier Polo wrote on MCV Develop that a startup has been operative with telcos to emanate streaming diversion record for 5G, that will assistance tech companies to strech some-more mobile gamers. It also grown a gaming-as-a-service platform, regulating Intel’s Visual Cloud platform, that will capacitate telcos and communication use providers to offer streaming games to their customers.

The merger of PlayGiga follows Facebook’s proclamation final month that it has concluded to buy Beat Games, developer of renouned practical existence pretension Beat Saber.

Facebook is building out a gaming business, that it claims now has some-more than 700 million monthly users, as it diversifies a income sources over online advertising. Earlier this year, a association combined a Gaming heart to Facebook’s categorical navigation menu after creatively rising it as a standalone app. The heart includes a livestreaming use it launched final year to contest with Twitch, Instant Games and posts from gaming-related pages.

The association also began offered Oculus Quest and Rift headsets progressing this year, after appropriation Oculus for $2 billion in 2014, and recently launched Facebook Horizon, a VR universe.

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