Facebook Buys Madrid-based game Company PlayGiga To Step Into Cloud gaming

Facebook Buys Madrid-based game Company PlayGiga To Step Into Cloud gaming

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Facebook has bought off Madrid-based cloud gambling startup PlayGiga, in a very bid to line foot into the game-streaming market, a vertical that has been gaining pace chop-chop.

The confirmation of the acquisition comes from CNBC, with the deal being purportedly closed at $78 million. The report, however, notes that there have been n any details on Facebook's plans, ambitions with cloud gambling or alternative connected changes.

It is additionally wort noting that this is often Facebook's second gaming-focussed acquisition within the past few month, even if the primary buy-off we're touching on, does not have a lot of to try and do with cloud gambling. Facebook bought off Bear Saber maker Beat Games simply over a month past, which can continue functioning on VR and music-related experiences.

Founded in 2013, PlayGiga had antecedently been giving cloud gaming services to mobile carriers and alternative teams across Italy, Argentina, Chile, and Spain, with plans to launch within the Near East at a later date. the corporate had partnerships to supply over three hundred games as a part of cloud gambling packages.

"We area unit excited to announce that the PlayGiga team is moving on to one thing new," reads an announcement on the PlayGiga web site. we wish to give thanks all of our partners and customers for his or her support over the years."

Facebook’s acquisition of PlayGiga can be seen as a proof that the social media large might want to launch its own cloud gambling service likewise. However, Facebook’s gambling efforts to this point are completely different from those by Google, with an even bigger specialize in free-to-play games running directly on the Facebook platform, likewise as game streaming on Facebook Watch