Facebook Buys Cloud Gaming Company PlayGiga for Undisclosed Amount


In a bid to get footprint into cloud-based mostly video game streaming marketplace, Fb has obtained Spanish online video gaming agency PlayGiga.

In accordance to a CNBC report, the acquisition arrives at a time when tech giants like Apple and Google have rolled out cloud-based mostly online video video game streaming companies like Apple Arcade and Google Stadia.

Microsoft has also previewed its xCloud video game streaming services.

A Spanish company newspaper Cinco Dias claimed that Fb obtained PlayGiga for about $78 million (approximately Rs. 554 crores).

“We are thrilled to welcome PlayGiga to the Fb Gaming workforce,” a Fb spokesperson was quoted as stating on Wednesday.

PlayGiga was launched in 2013.

“We are thrilled to announce that the PlayGiga workforce is transferring on to some thing new. We are continuing our operate in cloud gaming, now with a new mission. We want to thank all of our companions and consumers for their assistance in excess of the several years,” the corporation wrote on its web page.

Fb obtained VR headset maker Oculus for $two billion (approximately Rs. 14,210 crores)&#xA0in 2014. The social networking big has also introduced Fb Gaming -&#xA0a reside-stream services that makes it possible for end users to share their gameplay.

The arrival of Cloud-based mostly video game streaming companies like Apple Arcade, Google Stadia and the impending Microsoft xCloud is all established to alter the way folks engage in game titles, threatening the really survival of common gaming field dominated by consoles like Microsoft Xbox and Sony PlayStation.

Cloud-based mostly gaming is the new livestreaming pattern soon after songs and online video. Just one large edge of cloud gaming in excess of the common one particular is reduced value of set up which can be performed on smartphones, tablets, PCs and even Television.

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