SAN FRANCISCO: In a bid to gain footprint into the Cloud game streaming market, Facebook has acquired a Spanish video gaming firm PlayGiga.
According to a CNBC report, the acquisition comes at a time when tech giants like Apple and Google have rolled out Cloud video game streaming services like Arcade and Stadia.
Microsoft has also previewed its xCloud game streaming service.
A Spanish business newspaper Cinco Dias claimed that Facebook acquired PlayGiga for about $78 million.
“We’re thrilled to welcome PlayGiga to the Facebook Gaming team,” a Facebook spokesperson was quoted as saying on Wednesday.
PlayGiga was founded in 2013.
(Agencies)
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