Facebook acquires cloud gaming platform PlayGiga2019-12-19 17:31 by Daniela
Tags: Facebook, PlayGiga
Facebook has acquired PlayGiga, a Madrid-based cloud gaming startup for approximately €70 million ($78 million). Facebook confirmed the acquisition Wednesday afternoon.
"We're thrilled to welcome PlayGiga to the Facebook Gaming team," A Facebook spokesperson said.
PlayGiga was founded in 2013. It was operating cloud gaming services in Italy, Argentina, Chile and Spain, and was aiming to launch in the Middle East soon. It had also run proof-of-concept tests in Sweden, Austria, the Netherlands and Guatemala, according to its website. The company had struck licensing agreements for more than 300 game titles with notable publishers, including WB, Disney and Sega.
"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," the company wrote on its website.
Gaming has been an increasing focus for Facebook in recent years. Back in March, the company added a "Gaming" section to its navigation bar, which brought together its Twitch-like streaming service Facebook Gaming, as well as its collection of web-based Instant Games. It has also had a keen interest in VR gaming ever since its acquisition of Oculus in 2014, and last month acquired Beat Studios, the developer behind Beat Saber. The company recently claimed over 700 million of its users engage with Facebook's gaming content each month.
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