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Facebook: Acquires Cloud Gaming Company PlayGiga | Fintech InShorts: Latest fintech news, analysis by experts

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Facebook: Acquires Cloud Gaming Company PlayGiga

By Steve Sam

December 20, 2019

Facebook: Acquires Cloud Gaming Company PlayGiga

The deal confirmed via a tweet reportedly amounted to approx. €70m
The acquisition presumably enables Facebook to continue its expansion in the cloud sport streaming market
PlayGiga has also developed a cloud gaming platform through hybrid virtualization and baremetal technology
Cloud gaming refers to console quality games that streamed to devices connected to the Internet
Streaming technology and servers also allow games to played on any device without the need to download software
PlayGiga also had licensing agreements for more than 300 game titles with such publishers as WB, Disney and Sega

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